CAE (NYSE:CAE) Sets New 12-Month Low at $17.37

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) reached a new 52-week low on Thursday . The stock traded as low as $17.37 and last traded at $17.39, with a volume of 317845 shares traded. The stock had previously closed at $18.18.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Royal Bank of Canada cut CAE from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group boosted their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.00.

CAE Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The company has a 50 day moving average price of $18.53 and a 200 day moving average price of $19.38. The firm has a market cap of $5.30 billion, a PE ratio of -23.08, a PEG ratio of 1.25 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The company had revenue of $835.47 million for the quarter, compared to analysts’ expectations of $863.18 million. During the same quarter last year, the company earned $0.26 EPS. Sell-side analysts expect that CAE Inc. will post 0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. JARISLOWSKY FRASER Ltd grew its holdings in CAE by 28.5% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock worth $375,982,000 after acquiring an additional 3,843,611 shares during the period. Norges Bank acquired a new stake in CAE in the fourth quarter valued at $74,413,000. Mackenzie Financial Corp grew its holdings in CAE by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock valued at $719,443,000 after purchasing an additional 2,083,595 shares during the last quarter. National Bank of Canada FI grew its holdings in CAE by 36.4% in the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after purchasing an additional 1,466,880 shares during the last quarter. Finally, AGF Management Ltd. grew its holdings in CAE by 174.1% in the fourth quarter. AGF Management Ltd. now owns 1,188,038 shares of the aerospace company’s stock valued at $26,348,000 after purchasing an additional 754,648 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.