CAE (NYSE:CAE) Stock Rating Upgraded by Zacks Investment Research

CAE (NYSE:CAEGet Rating) (TSE:CAE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “

A number of other analysts also recently commented on the company. StockNews.com began coverage on CAE in a research report on Thursday, March 31st. They set a “hold” rating for the company. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 15th. National Bank Financial reduced their price objective on CAE from C$45.00 to C$44.00 in a report on Monday, February 14th. Scotiabank reduced their price objective on CAE from C$44.00 to C$43.00 in a report on Monday. Finally, Desjardins reduced their price objective on CAE from C$38.00 to C$37.00 in a report on Tuesday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CAE presently has an average rating of “Hold” and an average price target of $40.86.

Shares of CAE stock traded up $1.23 on Tuesday, hitting $27.28. The company had a trading volume of 146,213 shares, compared to its average volume of 306,096. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 97.43, a P/E/G ratio of 3.52 and a beta of 1.63. CAE has a 1 year low of $22.60 and a 1 year high of $34.19. The stock has a 50 day moving average of $25.67 and a 200-day moving average of $26.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.89 and a current ratio of 1.18.

CAE (NYSE:CAEGet Rating) (TSE:CAE) last issued its quarterly earnings results on Friday, February 11th. The aerospace company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $848.70 million during the quarter, compared to the consensus estimate of $921.72 million. CAE had a return on equity of 6.49% and a net margin of 3.23%. CAE’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. Equities analysts anticipate that CAE will post 0.61 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Addenda Capital Inc. boosted its holdings in shares of CAE by 5.3% in the first quarter. Addenda Capital Inc. now owns 616,856 shares of the aerospace company’s stock worth $20,072,000 after acquiring an additional 31,196 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in shares of CAE by 2.9% in the first quarter. Neville Rodie & Shaw Inc. now owns 27,355 shares of the aerospace company’s stock worth $717,000 after acquiring an additional 775 shares during the period. CLARET ASSET MANAGEMENT Corp boosted its holdings in shares of CAE by 0.7% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 118,870 shares of the aerospace company’s stock worth $3,093,000 after acquiring an additional 875 shares during the period. Confluence Investment Management LLC boosted its stake in CAE by 13.7% during the first quarter. Confluence Investment Management LLC now owns 23,956 shares of the aerospace company’s stock valued at $625,000 after buying an additional 2,885 shares during the period. Finally, Norges Bank bought a new stake in CAE during the fourth quarter valued at $71,645,000. 56.85% of the stock is owned by hedge funds and other institutional investors.

CAE Company Profile (Get Rating)

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.

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