CAE (NYSE:CAE) Stock Rating Upgraded by Scotiabank

CAE (NYSE:CAE) (TSE:CAE) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

CAE has been the subject of a number of other reports. The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

CAE Price Performance

NYSE CAE opened at $25.42 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company has a market cap of $8.14 billion, a PE ratio of -48.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The firm’s 50-day simple moving average is $24.23 and its two-hundred day simple moving average is $23.70.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. Research analysts predict that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Asset Planning Inc purchased a new stake in shares of CAE in the fourth quarter worth $30,000. Natixis bought a new position in CAE in the 4th quarter worth about $38,000. Versant Capital Management Inc purchased a new stake in CAE during the 1st quarter valued at about $53,000. UniSuper Management Pty Ltd bought a new stake in CAE during the 4th quarter valued at about $147,000. Finally, Allworth Financial LP raised its holdings in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.