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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Embraer    EMBR3   BREMBRACNOR4

EMBRAER (EMBR3)
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Embraer : shares take off after Bolsonaro approves Boeing merger

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01/12/2019 | 02:50pm EST

The share price in Brazilian airplane manufacturer Embraer soared yesterday as markets reacted favorably to the country’s President Jair Bolsonaro approving a merger with us giant Boeing.

The share price jumped 7.43 per cent on the Sao Paulo stock exchange, despite Ibovespa falling 0.28pc. It came a day after Bolsonaro announced he wouldn’t be using his veto powers to block the merger between two of the world’s three biggest aviation companies. Embraer’s shares had taken a nose dive last week after Bolsonaro had expressed concerns over the deal.

But now the $5.2 billion deal, which will see Boeing take control of Embraer’s commercial airplane manufacturing business -- 80pc of its operation -- will go ahead. Embraer will only retain control of its military division. On Thursday, Bolsonaro had said he was satisfied that “the final proposal preserves (Brazil’s) sovereignty and national interests.

(c) 2019 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (BRL)
Sales 2018 19 935 M
EBIT 2018 1 129 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 0,80x
Capi. / Sales 2019 0,73x
Capitalization 16 009 M
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Technical analysis trends EMBRAER
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TrendsNeutralBullishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 25,1  BRL
Spread / Average Target 16%
Managers
NameTitle
Paulo Cesar de Souza e Silva President & Chief Executive Officer
Alexandre Gonçalves da Silva Chairman
Hélio Bambini Filho Executive Vice President-Operations
Nelson Krahenbul Salgado Chief Financial Officer, Executive VP-Finance & IR
Mauro Kern Executive Vice President-Engineering & Technology
Sector and Competitors
1st jan.Capitalization (M$)
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BOEING COMPANY (THE)9.43%198 964
AIRBUS SE7.09%80 096
DASSAULT AVIATION1.24%11 684
TEXTRON4.39%11 667
AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%3 961