CAE (NYSE:CAE) Rating Increased to Buy at StockNews.com

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

Several other analysts have also commented on the stock. Royal Bank of Canada raised 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. The Goldman Sachs Group raised 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. 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, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Down 0.1 %

NYSE CAE opened at $26.76 on Wednesday. The company has a fifty day simple moving average of $24.18 and a two-hundred day simple moving average of $20.91. The stock has a market cap of $8.55 billion, a P/E ratio of -34.75, a P/E/G ratio of 1.79 and a beta of 1.72. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping 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%. On average, analysts forecast that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC grew its holdings in CAE by 34.4% during the 4th quarter. Vident Advisory LLC now owns 374,393 shares of the aerospace company’s stock worth $9,502,000 after acquiring an additional 95,905 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of CAE by 212.1% during the 4th quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company’s stock worth $4,467,000 after buying an additional 119,600 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of CAE by 255.7% during the 4th quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company’s stock worth $13,328,000 after buying an additional 377,499 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock worth $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Finally, Shell Asset Management Co. lifted its position in shares of CAE by 10.6% during the 4th quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company’s stock worth $1,299,000 after buying an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.