CAE (NYSE:CAE) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of CAE (NYSE:CAEFree Report) (TSE:CAE) from a buy rating to a hold rating in a research note released on Monday.

CAE has been the topic of a number of other research reports. Bank of America downgraded CAE from a neutral rating to an underperform rating in a report on Wednesday, November 29th. Royal Bank of Canada reduced their target price on CAE from $37.00 to $34.00 and set an outperform rating on the stock in a report on Wednesday, November 15th. Finally, Scotiabank downgraded CAE from a sector outperform rating to a sector perform rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, CAE presently has an average rating of Hold and a consensus price target of $35.43.

Read Our Latest Stock Analysis on CAE

CAE Stock Up 1.8 %

Shares of NYSE:CAE opened at $21.46 on Monday. CAE has a 1 year low of $18.89 and a 1 year high of $25.04. The company has a market cap of $6.83 billion, a PE ratio of 31.10, a P/E/G ratio of 1.67 and a beta of 1.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.67. The stock’s 50-day moving average is $20.79 and its 200 day moving average is $21.91.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last announced its quarterly earnings results on Tuesday, November 14th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. CAE had a return on equity of 7.90% and a net margin of 6.79%. The company had revenue of $811.45 million for the quarter, compared to the consensus estimate of $783.06 million. Sell-side analysts anticipate that CAE will post 0.88 EPS for the current year.

Institutional Trading of CAE

Hedge funds have recently made changes to their positions in the stock. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of CAE in the 3rd quarter worth approximately $29,000. Allworth Financial LP boosted its position in shares of CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 935 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in CAE in the 2nd quarter valued at approximately $55,000. 64.34% of the stock is owned by institutional investors.

CAE Company Profile

(Get Free Report)

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.

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Analyst Recommendations for CAE (NYSE:CAE)

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