Zacks Research Upgrades CAE (NYSE:CAE) to “Hold”

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

CAE has been the topic of a number of other reports. TD Securities reissued a “buy” rating on shares of CAE in a report on Monday. Royal Bank Of Canada reduced their target price on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.33.

CAE Stock Down 0.4%

NYSE:CAE traded down $0.14 during trading hours on Monday, hitting $32.71. 148,101 shares of the company traded hands, compared to its average volume of 464,456. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The company has a market cap of $10.52 billion, a PE ratio of 33.71, a PEG ratio of 2.51 and a beta of 1.15. The firm’s 50-day simple moving average is $28.80 and its 200-day simple moving average is $28.38. CAE has a one year low of $20.36 and a one year high of $33.48.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The firm had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that CAE will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Millennium Management LLC bought a new position in shares of CAE in the first quarter worth approximately $4,170,000. Goldman Sachs Group Inc. lifted its position in CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after buying an additional 1,004,820 shares during the period. United Services Automobile Association boosted its holdings in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of CAE in the 2nd quarter worth about $277,000. Finally, Truist Financial Corp increased its stake in shares of CAE by 5.6% in the 2nd quarter. Truist Financial Corp now owns 67,272 shares of the aerospace company’s stock worth $1,969,000 after acquiring an additional 3,580 shares in the last quarter. Hedge funds and other institutional investors 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.