Canaccord Genuity Group Begins Coverage on CAE (NYSE:CAE)

Investment analysts at Canaccord Genuity Group began coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a note issued to investors on Friday. The firm set a “buy” rating on the aerospace company’s stock.

Several other equities research analysts have also recently weighed in on CAE. Stifel Nicolaus began coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company. TD Securities reaffirmed a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Sunday, February 15th. Royal Bank Of Canada dropped their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Trading Up 2.4%

Shares of CAE stock traded up $0.66 during midday trading on Friday, reaching $27.73. The company had a trading volume of 122,953 shares, compared to its average volume of 702,352. The stock has a fifty day moving average price of $31.27 and a 200 day moving average price of $29.07. CAE has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The firm has a market cap of $8.92 billion, a PE ratio of 33.38, a P/E/G ratio of 3.36 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $911.78 million during the quarter, compared to analyst estimates of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. On average, equities analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently bought and sold shares of CAE. Transamerica Financial Advisors LLC raised its holdings in shares of CAE by 170.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares during the period. Kestra Advisory Services LLC bought a new stake in CAE in the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC bought a new stake in CAE in the 3rd quarter valued at about $42,000. Brown Brothers Harriman & Co. acquired a new position in CAE during the 4th quarter worth approximately $47,000. Finally, Employees Retirement System of Texas bought a new position in CAE in the second quarter worth approximately $80,000. 67.36% of the stock is owned by institutional investors.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.