CAE (NYSE:CAE) Stock Rating Upgraded by Zacks Research

CAE (NYSE:CAE) (TSE:CAE) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Stifel Nicolaus began coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Jefferies Financial Group lowered their price objective on shares of CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. Weiss Ratings lowered CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

CAE Price Performance

Shares of NYSE CAE opened at $25.85 on Wednesday. CAE has a 1-year low of $24.57 and a 1-year high of $34.24. The company has a market cap of $8.31 billion, a PE ratio of 31.14, a P/E/G ratio of 3.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a fifty day moving average price of $26.92 and a 200 day moving average price of $28.76.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The firm had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that CAE will post 0.87 EPS for the current year.

Institutional Trading of CAE

Several institutional investors have recently modified their holdings of the company. State of Wyoming lifted its holdings in CAE by 2.8% in the 4th quarter. State of Wyoming now owns 13,007 shares of the aerospace company’s stock valued at $396,000 after acquiring an additional 352 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in CAE by 3.0% during the fourth quarter. Sanctuary Advisors LLC now owns 12,596 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 371 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in CAE by 0.8% during the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock valued at $1,484,000 after purchasing an additional 394 shares during the last quarter. United Services Automobile Association lifted its stake in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ lifted its position in shares of CAE by 0.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock valued at $1,768,000 after acquiring an additional 489 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.