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

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

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

CAE Price Performance

CAE stock traded up $0.46 on Thursday, reaching $21.99. The company had a trading volume of 1,097,555 shares, compared to its average volume of 592,221. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The company’s fifty day moving average is $18.52 and its 200 day moving average is $18.57. The company has a market cap of $7.01 billion, a P/E ratio of -28.56, a PEG ratio of 1.43 and a beta of 1.67. CAE has a 1 year low of $15.95 and a 1 year high of $22.11.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.78% and a negative net margin of 7.49%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. On average, research analysts forecast that CAE will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several hedge funds have recently modified their holdings of CAE. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in CAE by 86.2% in the first 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. Intech Investment Management LLC purchased a new stake in shares of CAE during the 1st quarter worth about $305,000. Vanguard Group Inc. increased its position in CAE by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after purchasing an additional 127,504 shares in the last quarter. Clearbridge Investments LLC raised its holdings in CAE by 17.1% in the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after buying an additional 541,066 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in CAE by 104.5% during the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock valued at $93,000 after buying an additional 2,300 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.