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

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

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Jefferies Financial Group began coverage on shares of CAE in a research note on Thursday, June 6th. They issued a “hold” rating and a $21.00 price objective for the company. Finally, Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and an average price target of $28.00.

CAE Price Performance

Shares of NYSE CAE opened at $17.80 on Friday. The business’s 50 day moving average price is $17.83 and its two-hundred day moving average price is $18.87. The company has a market cap of $5.67 billion, a PE ratio of -24.72, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. CAE has a twelve month low of $15.95 and a twelve month high of $25.04.

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

Hedge Funds Weigh In On CAE

Institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its position in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares during the period. Ridgewood Investments LLC purchased a new position in shares of CAE during the 2nd quarter valued at $33,000. Hillsdale Investment Management Inc. lifted its stake 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 lifted its position in CAE by 52.8% during the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 697 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.