Embraer (NYSE:ERJ) Raised to "Strong-Buy" 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 research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. HSBC upgraded shares of 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. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. UBS Group reaffirmed a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.40.

Embraer Stock Performance

NYSE:ERJ traded down $1.13 during mid-day trading on Wednesday, hitting $46.55. The stock had a trading volume of 1,025,806 shares, compared to its average volume of 1,514,472. Embraer has a twelve month low of $25.24 and a twelve month high of $56.61. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 17.11 and a beta of 1.68. The company's 50 day simple moving average is $45.65 and its 200 day simple moving average is $43.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

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

Embraer Dividend Announcement

The business also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders 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 Trading of Embraer

Hedge funds have recently added to or reduced their stakes in the stock. WPG Advisers LLC acquired a new stake in Embraer in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp acquired a new position in shares of Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the fourth quarter worth $37,000. Colonial Trust Co SC acquired a new position in shares of Embraer during the fourth quarter worth $42,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

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.