CAE (NYSE:CAE) Downgraded by Royal Bank of Canada

Royal Bank of Canada cut shares of CAE (NYSE:CAE) (TSE:CAE) from a moderate buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

A number of other equities analysts have also commented on CAE. Jefferies Financial Group assumed coverage on CAE in a research note on Thursday, June 6th. They set a hold rating and a $21.00 price objective on the stock. StockNews.com downgraded CAE from a buy rating to a hold rating in a research note on Wednesday, May 22nd. The Goldman Sachs Group increased their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Canaccord Genuity Group cut shares of CAE from a buy rating to a hold rating in a research report on Wednesday, May 22nd. Finally, Desjardins lowered shares of CAE from a buy rating to a hold rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $32.00.

CAE Stock Up 2.3 %

CAE opened at $19.17 on Tuesday. The stock has a fifty day moving average of $19.30 and a 200-day moving average of $19.82. The company has a market capitalization of $6.10 billion, a P/E ratio of -26.62, a P/E/G ratio of 1.33 and a beta of 1.67. CAE has a fifty-two week low of $17.40 and a fifty-two week high of $25.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. 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 firm earned $0.26 EPS. On average, equities analysts expect that CAE will post 0.89 EPS for the current year.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently made changes to their positions in CAE. American Century Companies Inc. grew its stake in shares of CAE by 12.4% during the third quarter. American Century Companies Inc. now owns 3,219,330 shares of the aerospace company’s stock worth $75,159,000 after buying an additional 354,938 shares during the last quarter. Wellington Management Group LLP increased its holdings in CAE by 17.2% in the 3rd quarter. Wellington Management Group LLP now owns 130,354 shares of the aerospace company’s stock worth $3,057,000 after purchasing an additional 19,156 shares in the last quarter. Phoenix Holdings Ltd. bought a new position in CAE in the third quarter valued at about $1,417,000. Vanguard Group Inc. boosted its stake in shares of CAE by 1.5% during the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock valued at $247,669,000 after purchasing an additional 152,778 shares in the last quarter. Finally, Pacifica Partners Inc. grew its holdings in shares of CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 793 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

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.