StockNews.com Lowers CAE (NYSE:CAE) to Hold

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

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised shares of CAE from a hold rating to a moderate buy rating in a research report on Thursday, August 15th. Jefferies Financial Group started coverage on shares of CAE in a report on Thursday, June 6th. They set a hold rating and a $21.00 target price for the company. Finally, Morgan Stanley cut CAE from an overweight rating to an equal weight rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CAE currently has a consensus rating of Hold and a consensus target price of $28.00.

CAE Stock Up 1.1 %

Shares of NYSE:CAE opened at $18.60 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of -25.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. The stock’s 50-day moving average price is $17.73 and its 200-day moving average price is $18.74. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. CAE has a 12-month low of $15.95 and a 12-month high of $23.62.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities analysts anticipate that CAE will post 0.86 earnings per share for the current year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently bought and sold shares of CAE. Massmutual Trust Co. FSB ADV lifted its stake in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares during the period. Confluence Investment Management LLC boosted its holdings in shares of CAE by 3.5% during the 2nd quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock valued at $466,000 after buying an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of CAE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of CAE by 11.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock worth $210,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 1,100 shares during the period. 67.36% of the stock is currently owned by hedge funds and other 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.