|Bid||15.81 x 1200|
|Ask||15.79 x 4000|
|Day's Range||15.64 - 16.12|
|52 Week Range||3.96 - 16.97|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 28, 2018|
|1y Target Est||N/A|
Investors need to pay close attention to Embraer (ERJ) stock based on the movements in the options market lately.
Embraer SA (NYSE: ERJ) sees a revenue market of $200 billion for its eVTOL (electric vertical takeoff and landing) unit Eve, with 3 billion passengers and 50,000 aircrafts by 2035, according to BofA Securities. The Embraer Analyst: Ronald Epstein upgrades the rating for Embraer from Neutral to Buy, while raising the price target from $8 to $20. The Embraer Thesis: Commercial operations of eVTOLs could begin in around two years and Joby Aviation estimates the global addressable market to grow to
Shares of Brazilian aerospace manufacturer Embraer (NYSE: ERJ) were up 14% for the week as of Thursday afternoon on talk the company was near a deal to merge its air taxi business with a special purpose acquisition company (SPAC). Investors have been waiting for Embraer's next move for more than a year now following an April 2020 decision by Boeing to walk away from a $4 billion deal to take control of Embraer's commercial operations. Embraer's commercial aerospace operation has some good products, but the company's diminutive size has made competing against titans like Boeing and Airbus difficult, and the proposed deal looked like a good option to solve a lot of what ailed Embraer.