StockNews.com Downgrades CAE (NYSE:CAE) to Hold

CAE (NYSE:CAE) (TSE:CAE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group started coverage on shares of CAE in a research note on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.00.

CAE Stock Up 1.1 %

NYSE:CAE opened at $18.60 on Friday. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $23.62. The stock has a market capitalization of $5.94 billion, a P/E ratio of -25.83, a P/E/G ratio of 1.31 and a beta of 1.67. 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 50-day simple moving average is $17.73 and its 200-day simple moving average is $18.75.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. CAE’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. On average, equities analysts anticipate that CAE will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CAE

Institutional investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of CAE during the 2nd quarter valued at approximately $33,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of CAE during the 1st quarter valued at approximately $77,000. 67.36% of the stock is owned by hedge funds and other 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.