CAE (NYSE:CAE) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a report released on Thursday, Marketbeat reports. The firm issued a hold rating and a $21.00 price target on the aerospace company’s stock.

A number of other brokerages have also issued reports on CAE. Desjardins lowered shares of CAE from a buy rating to a hold rating in a report on Tuesday, May 21st. Canaccord Genuity Group restated a hold rating on shares of CAE in a report on Wednesday, May 22nd. The Goldman Sachs Group upped their price objective on CAE from $25.00 to $29.00 and gave the company a buy rating in a report on Tuesday, April 16th. StockNews.com lowered shares of CAE from a buy rating to a hold rating in a research note on Wednesday, May 22nd. Finally, Canaccord Genuity Group lowered shares of CAE from a buy rating to a hold rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $32.00.

CAE Stock Down 1.9 %

NYSE CAE opened at $18.49 on Thursday. The business has a fifty day moving average price of $19.54 and a 200 day moving average price of $20.05. 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 company has a market cap of $5.89 billion, a P/E ratio of -25.68, a P/E/G ratio of 1.43 and a beta of 1.66. CAE has a one year low of $17.40 and a one year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. The business had revenue of $835.47 million during the quarter, compared to analyst estimates of $863.18 million. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts anticipate that CAE will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in CAE by 754.4% during the third quarter. Barclays PLC now owns 95,080 shares of the aerospace company’s stock worth $2,220,000 after purchasing an additional 83,952 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in CAE by 7.9% in the third quarter. Sequoia Financial Advisors LLC now owns 21,509 shares of the aerospace company’s stock valued at $502,000 after acquiring an additional 1,578 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in CAE by 12.5% in the third quarter. Canada Pension Plan Investment Board now owns 769,250 shares of the aerospace company’s stock valued at $18,042,000 after acquiring an additional 85,370 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CAE by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock worth $718,000 after purchasing an additional 560 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of CAE by 24.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock valued at $165,000 after purchasing an additional 1,409 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.