Embraer (NYSE:ERJ) Stock Rating Upgraded by HSBC

HSBC upgraded shares of Embraer (NYSE:ERJ - Free Report) from a hold rating to a buy rating in a research note published on Wednesday morning, Marketbeat.com reports. The firm currently has $57.00 price objective on the aerospace company's stock, up from their prior price objective of $45.00.

A number of other analysts also recently issued reports on the stock. UBS Group reissued a "sell" rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. The Goldman Sachs Group increased their target price 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. Wall Street Zen downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer Trading Down 2.4%

Shares of ERJ stock traded down $1.13 during trading hours on Wednesday, hitting $46.55. 1,025,806 shares of the company were exchanged, compared to its average volume of 1,514,472. The firm has a market cap of $8.55 billion, a PE ratio of 17.11 and a beta of 1.68. Embraer has a 1 year low of $25.24 and a 1 year high of $56.61. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $45.65 and a 200 day moving average of $43.31.

Embraer (NYSE:ERJ - Get Free Report) last announced 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company's revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.48) EPS. Analysts expect that Embraer will post 2.04 earnings per share for the current year.

Embraer Dividend Announcement

The company also recently disclosed 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 (DPR) is 1.85%.

Institutional Trading of Embraer

Several large investors have recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in Embraer in the first quarter valued at approximately $276,246,000. Jennison Associates LLC grew its position in Embraer by 215.7% in the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after acquiring an additional 2,819,306 shares in the last quarter. JPMorgan Chase & Co. grew its position in Embraer by 654.5% in the first quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after acquiring an additional 3,036,797 shares in the last quarter. Invesco Ltd. grew its position in Embraer by 116.8% in the first quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after acquiring an additional 1,443,186 shares in the last quarter. Finally, Carrhae Capital LLP grew its position in Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after acquiring an additional 866,919 shares in the last quarter. 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.