CAE (NYSE:CAE) Upgraded at Bank of America

Bank of America upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from an underperform rating to a neutral rating in a report issued on Friday, Marketbeat.com reports.

Several other research firms have also recently issued reports on CAE. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on shares of CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Stock Up 2.9 %

Shares of CAE stock opened at $25.16 on Friday. The company has a market cap of $8.04 billion, a P/E ratio of -48.38, a PEG ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE has a one year low of $15.95 and a one year high of $27.62. The firm has a fifty day moving average of $24.38 and a two-hundred day moving average of $21.61.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, analysts forecast that CAE will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On CAE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ossiam boosted its holdings in shares of CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after acquiring an additional 447 shares during the period. Cetera Investment Advisers raised its position in CAE by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 497 shares in the last quarter. Rathbones Group PLC raised its holdings in CAE by 0.9% during the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock worth $1,386,000 after buying an additional 500 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in CAE by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock worth $1,991,000 after buying an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC raised its holdings in CAE by 1.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock worth $1,143,000 after buying an additional 666 shares during the period. Institutional investors and hedge funds 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, 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.