CAE (NYSE:CAE) Raised to Buy at StockNews.com

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other equities research analysts also recently weighed in on the stock. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Jefferies Financial Group assumed coverage on CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price on the stock. Finally, Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, CAE presently has an average rating of “Hold” and an average price target of $28.00.

CAE Trading Down 2.1 %

NYSE:CAE traded down $0.38 on Friday, reaching $17.80. 411,472 shares of the stock traded hands, compared to its average volume of 585,855. The company’s 50 day moving average is $17.83 and its 200-day moving average is $18.87. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. CAE has a 1-year low of $15.95 and a 1-year high of $25.04. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of -24.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results 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. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. CAE’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that CAE will post 0.86 EPS for the current fiscal year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in CAE during the fourth quarter worth $319,000. Massachusetts Financial Services Co. MA lifted its position in shares of CAE by 0.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,341,776 shares of the aerospace company’s stock valued at $28,969,000 after buying an additional 4,900 shares during the last quarter. Norges Bank bought a new position in shares of CAE during the 4th quarter worth $74,413,000. Dynamic Technology Lab Private Ltd purchased a new stake in CAE in the 4th quarter worth about $310,000. Finally, Hillsdale Investment Management Inc. raised its stake in 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 period. 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.