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Research Alert: CFRA Reiterates Buy Opinion On Adss Of Embraer S.a.
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Research Alert: CFRA Reiterates Buy Opinion On Adss Of Embraer S.a.
May 11, 2026 8:06 AM

10:50 AM EDT, 05/11/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our unchanged 12-month target price of USD79 values EMBJ at 22.1x our 2027 EPS estimate, a premium relative to EMBJ's two-year average forward P/E of 18.4x but a discount to peers' average forward P/E of 25.9x. We lower our 2026 earnings per ADS estimate by BRL1.02 to BRL12.97 and 2027 by BRL1.39 to BRL17.50, mostly due to the exchange rate. Management reiterated full-year 2026 guidance of 80-85 commercial aircraft deliveries, 160-170 executive jet deliveries, revenue of USD8.2B-USD8.5B, and adjusted EBIT margin of 8.7%-9.3%. The firm order backlog reached an all-time high of USD32.1B (+22% Y/Y), with Commercial Aviation backlog up 50% Y/Y driven by a 3.0x book-to-bill ratio. A major milestone came with the UAE's order for 10 C-390 aircraft plus 10 options, opening Middle East opportunities. By decade-end, EMBJ targets production of 120 commercial jets, 200 executive jets, and 10 KC-390s annually, supporting management's ambition for double-digit revenue growth and double-digit EBIT margins in the medium term.

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