CAE (NYSE:CAE) Cut to “Hold” at Royal Bank of Canada

CAE (NYSE:CAE) (TSE:CAE) was downgraded by equities research analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

Several other brokerages have also weighed in on CAE. Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group assumed coverage on shares of CAE in a research report on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target on the stock. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, The Goldman Sachs Group boosted their target price on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CAE currently has an average rating of “Hold” and an average target price of $32.00.

CAE Stock Up 2.3 %

CAE stock opened at $19.17 on Tuesday. The firm has a 50 day moving average price of $19.29 and a 200-day moving average price of $19.83. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. CAE has a twelve month low of $17.40 and a twelve month high of $25.04. The company has a market capitalization of $6.10 billion, a P/E ratio of -26.63, a P/E/G ratio of 1.32 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. The firm had revenue of $835.47 million during the quarter, compared to analysts’ expectations of $863.18 million. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, equities analysts predict that CAE will post 0.89 EPS for the current year.

Hedge Funds Weigh In On CAE

Several hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after buying an additional 500 shares in the last quarter. Spire Wealth Management boosted its stake in CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after buying an additional 697 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,100 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in CAE by 3,712.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.