CAE (NYSE:CAE) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a report issued on Thursday.

Several other equities research analysts also recently commented on the company. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.00.

CAE Price Performance

NYSE:CAE traded down $0.44 on Thursday, reaching $21.55. 195,828 shares of the stock traded hands, compared to its average volume of 590,435. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE has a 12 month low of $15.95 and a 12 month high of $22.11. The company’s fifty day simple moving average is $18.52 and its 200 day simple moving average is $18.57.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that CAE will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of CAE during the first quarter worth $305,000. Vanguard Group Inc. lifted its position in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after purchasing an additional 127,504 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after purchasing an additional 541,066 shares during the period. Finally, UniSuper Management Pty Ltd grew its holdings in shares of CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the last quarter. 67.36% of the stock is currently 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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.