CAE (NYSE:CAE) Stock Rating Upgraded by StockNews.com

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

CAE has been the topic of a number of other research reports. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. 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 stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Trading Down 1.6 %

CAE opened at $25.50 on Wednesday. The firm has a 50 day simple moving average of $24.27 and a 200 day simple moving average of $20.98. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a market cap of $8.15 billion, a price-to-earnings ratio of -49.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several large investors have recently made changes to their positions in CAE. Asset Planning Inc acquired a new position in CAE in the 4th quarter worth $30,000. Cromwell Holdings LLC boosted its position in shares of CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the period. Natixis bought a new position in shares of CAE during the fourth quarter worth about $38,000. Venturi Wealth Management LLC acquired a new stake in CAE in the 3rd quarter valued at approximately $74,000. Finally, Allworth Financial LP lifted its stake in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares in the last quarter. 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, 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.