StockNews.com Upgrades CAE (NYSE:CAE) to “Buy”

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

A number of other equities research analysts also recently weighed in on CAE. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Stock Performance

Shares of CAE opened at $21.77 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 0.84. The company has a market capitalization of $6.93 billion, a PE ratio of -28.27, a PEG ratio of 1.60 and a beta of 1.67. CAE has a 52 week low of $15.95 and a 52 week high of $22.11. The company’s 50 day moving average price is $18.61 and its 200 day moving average price is $18.59.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts expect that CAE will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Several large investors have recently bought and sold shares of CAE. JARISLOWSKY FRASER Ltd increased its position in shares of CAE by 1.3% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock valued at $413,168,000 after purchasing an additional 284,768 shares during the last quarter. Brandes Investment Partners LP lifted its position in CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after buying an additional 5,640,269 shares during the last quarter. Vanguard Group Inc. lifted its position in CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after buying an additional 127,504 shares during the last quarter. National Bank of Canada FI lifted its position in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after buying an additional 736,895 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after purchasing an additional 77,489 shares during the period. 67.36% of the stock is currently owned by institutional investors.

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.