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

CAE (NYSE:CAE) (TSE:CAE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on shares of CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Performance

NYSE CAE opened at $26.76 on Wednesday. The stock has a market cap of $8.55 billion, a P/E ratio of -34.75, a PEG ratio of 1.79 and a beta of 1.72. The company’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $20.91. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. As a group, research analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CAE

A number of large investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its position in shares of CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock worth $606,697,000 after purchasing an additional 1,702,904 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after purchasing an additional 221,205 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after purchasing an additional 181,807 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of CAE during the fourth quarter worth approximately $201,771,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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, 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.