CAE (NYSE:CAE) Upgraded at Zacks Research

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on CAE. Jefferies Financial Group cut their price target on shares of CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Finally, Canaccord Genuity Group initiated coverage on CAE in a research report on Friday, March 13th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.33.

CAE Stock Performance

Shares of NYSE CAE opened at $25.85 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market cap of $8.31 billion, a P/E ratio of 31.14, a P/E/G ratio of 3.01 and a beta of 1.03. The firm’s fifty day moving average is $26.92 and its two-hundred day moving average is $28.76. CAE has a 52-week low of $24.57 and a 52-week high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its 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. CAE had a return on equity of 7.75% and a net margin of 7.70%.The firm had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that CAE will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

A number of large investors have recently added to or reduced their stakes in 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 acquiring an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CAE during the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC acquired a new stake in CAE during the third quarter worth $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of CAE during the fourth quarter valued at about $47,000. Finally, Parallel Advisors LLC increased its holdings in CAE by 46.6% in the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 797 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.