Embraer (NYSE:ERJ) Upgraded to "Buy" at HSBC

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

A number of other brokerages have also recently weighed in on ERJ. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group boosted their price target on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a 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, UBS Group reiterated 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. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $50.40.

Embraer Price Performance

ERJ traded down $0.11 on Wednesday, reaching $47.73. The company had a trading volume of 1,023,347 shares, compared to its average volume of 1,522,353. The company has a market capitalization of $8.77 billion, a P/E ratio of 17.55 and a beta of 1.68. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $45.62 and a 200-day moving average of $43.15. Embraer has a one year low of $25.24 and a one year high of $56.61.

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

Embraer Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer's dividend payout ratio (DPR) is presently 1.85%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock worth $6,514,000 after buying an additional 8,938 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Embraer during the 4th quarter valued at about $243,000. Quantinno Capital Management LP bought a new position in shares of Embraer in the 4th quarter valued at approximately $227,000. Truist Financial Corp lifted its holdings in Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after purchasing an additional 470 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Embraer during the fourth quarter worth approximately $42,313,000. 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.