CAE (NYSE:CAE) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a report released on Friday morning.

Other research analysts have also recently issued research reports about the stock. Desjardins cut shares of CAE from a buy rating to a hold rating in a research report on Tuesday, May 21st. Canaccord Genuity Group lowered shares of CAE from a buy rating to a hold rating in a research report on Wednesday, May 22nd. Jefferies Financial Group initiated coverage on CAE in a research report on Thursday, June 6th. They set a hold rating and a $21.00 target price for the company. Canaccord Genuity Group reiterated a hold rating on shares of CAE in a report on Wednesday, May 22nd. Finally, Morgan Stanley cut CAE from an overweight rating to an equal weight rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $28.00.

CAE Stock Down 1.0 %

Shares of NYSE CAE opened at $17.62 on Friday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -24.46, a P/E/G ratio of 1.31 and a beta of 1.67. CAE has a 12-month low of $15.95 and a 12-month high of $24.88. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average price is $17.83 and its 200-day moving average price is $18.87.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. On average, equities research analysts anticipate that CAE will post 0.86 EPS for the current fiscal year.

Institutional Trading of CAE

A number of large investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in CAE in the second quarter worth about $33,000. Hillsdale Investment Management Inc. grew its holdings in CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 500 shares in the last quarter. Spire Wealth Management increased its position in CAE by 52.8% during the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.