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

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

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

CAE Price Performance

CAE stock opened at $21.75 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 stock’s 50 day moving average price is $18.61 and its 200 day moving average price is $18.59. The firm has a market cap of $6.93 billion, a P/E ratio of -28.25, a PEG ratio of 1.60 and a beta of 1.67. CAE has a 1 year low of $15.95 and a 1 year high of $22.11.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAE. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. Intech Investment Management LLC acquired a new stake in shares of CAE in the first quarter worth $305,000. Vanguard Group Inc. raised its stake in shares of CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock valued at $223,593,000 after acquiring an additional 127,504 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of CAE by 17.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after acquiring an additional 541,066 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in CAE by 104.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the period. 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, 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.