CAE (NYSE:CAE) Downgraded to Hold at Royal Bank of Canada

Royal Bank of Canada cut shares of CAE (NYSE:CAE) (TSE:CAE) from a moderate buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of CAE from a buy rating to a hold rating in a research note on Wednesday, May 22nd. Jefferies Financial Group initiated coverage on shares of CAE in a research report on Thursday, June 6th. They set a hold rating and a $21.00 target price on the stock. Canaccord Genuity Group lowered shares of CAE from a buy rating to a hold rating in a research report on Wednesday, May 22nd. Desjardins lowered shares of CAE from a buy rating to a hold rating in a research report on Tuesday, May 21st. Finally, The Goldman Sachs Group raised their target price on shares of CAE from $25.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $32.00.

CAE Trading Up 2.3 %

Shares of CAE opened at $19.17 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $19.83. CAE has a 1-year low of $17.40 and a 1-year high of $25.04. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of -26.63, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The business had revenue of $835.47 million for the quarter, compared to analysts’ expectations of $863.18 million. During the same period last year, the business earned $0.26 earnings per share. Equities analysts forecast that CAE will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Hedge funds have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its holdings 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 last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 2,710 shares in the last quarter. 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.