CAE (NYSE:CAE) Hits New 52-Week Low at $17.37

CAE Inc. (NYSE:CAE) (TSE:CAE) shares hit a new 52-week low during mid-day trading on Thursday . The company 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CAE. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. The Goldman Sachs Group increased their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Finally, Desjardins cut CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.00.

CAE Price Performance

The stock has a market capitalization of $5.30 billion, a P/E ratio of -23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85. The stock has a 50-day simple moving average of $18.53 and a 200 day simple moving average of $19.38.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The firm had revenue of $835.47 million during the quarter, compared to the consensus estimate of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, equities analysts forecast that CAE Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAE. Massmutual Trust Co. FSB ADV increased its stake in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 707 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of CAE in the 2nd quarter valued at about $33,000. Hillsdale Investment Management Inc. increased its stake in shares of CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. Spire Wealth Management increased its stake in shares of CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 697 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake 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 acquiring an additional 1,100 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

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.