CAE (NYSE:CAE) Upgraded at StockNews.com

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

CAE has been the topic of a number of other research reports. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, The Goldman Sachs Group lifted their price objective on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Down 3.7 %

CAE stock opened at $24.56 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company’s 50 day simple moving average is $24.30 and its 200-day simple moving average is $21.04. CAE has a 12 month low of $15.95 and a 12 month high of $27.62. The firm has a market capitalization of $7.85 billion, a PE ratio of -47.22, a P/E/G ratio of 1.97 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 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 positive return on equity of 6.11% and a negative net margin of 4.96%. Equities analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Hedge funds have recently bought and sold shares of the business. Stanley Laman Group Ltd. increased its stake in shares of CAE by 6.7% in the third quarter. Stanley Laman Group Ltd. now owns 224,392 shares of the aerospace company’s stock worth $4,207,000 after buying an additional 14,169 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CAE by 15.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 33,901 shares of the aerospace company’s stock worth $637,000 after acquiring an additional 4,621 shares in the last quarter. Legacy Wealth Asset Management LLC bought a new position in shares of CAE during the third quarter worth about $662,000. Cromwell Holdings LLC grew its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares in the last quarter. Finally, Allworth Financial LP grew its stake in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 1,327 shares in 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, 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.