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

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a report published on Saturday morning.

Several other brokerages have also recently weighed in on CAE. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.00.

CAE Stock Performance

CAE stock opened at $22.71 on Friday. The company has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $22.67. The company has a market capitalization of $7.27 billion, a P/E ratio of -43.67, a PEG ratio of 1.94 and a beta of 1.39. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts predict that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of CAE

Large investors have recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in shares of CAE during the fourth quarter valued at $30,000. Natixis purchased a new position in CAE during the 4th quarter valued at about $38,000. Versant Capital Management Inc purchased a new position in CAE during the 1st quarter valued at about $53,000. UniSuper Management Pty Ltd purchased a new stake in shares of CAE in the fourth quarter worth approximately $147,000. Finally, Allworth Financial LP lifted its position in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 913 shares in the last quarter. 67.36% of the stock is 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.