Embraer (NYSE:ERJ) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Embraer (NYSE:ERJ - Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on ERJ. Wall Street Zen downgraded Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group raised their price objective on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. UBS Group restated a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. HSBC upgraded Embraer from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer Stock Performance

ERJ traded down $1.13 during trading hours on Wednesday, reaching $46.55. The company's stock had a trading volume of 1,025,806 shares, compared to its average volume of 1,521,881. Embraer has a 52 week low of $25.24 and a 52 week high of $56.61. The company's 50-day moving average is $45.65 and its 200-day moving average is $43.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The firm has a market cap of $8.55 billion, a PE ratio of 17.11 and a beta of 1.68.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.48) EPS. On average, equities analysts forecast that Embraer will post 2.04 EPS for the current year.

Embraer Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer's dividend payout ratio is currently 1.85%.

Institutional Investors Weigh In On Embraer

A number of large investors have recently made changes to their positions in ERJ. Brighton Jones LLC bought a new stake in shares of Embraer in the 4th quarter worth approximately $502,000. U.S. Capital Wealth Advisors LLC grew its stake in Embraer by 16.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 11,688 shares of the aerospace company's stock worth $429,000 after purchasing an additional 1,657 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Embraer by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,290 shares of the aerospace company's stock worth $5,219,000 after purchasing an additional 821 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Embraer in the fourth quarter worth $42,313,000. Finally, Leavell Investment Management Inc. raised its holdings in Embraer by 14.3% in the fourth quarter. Leavell Investment Management Inc. now owns 9,200 shares of the aerospace company's stock worth $337,000 after purchasing an additional 1,150 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.