CAE (NYSE:CAE) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

CAE has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Scotiabank raised shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 15th. Jefferies Financial Group dropped their target price on shares of CAE from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of CAE in a research report on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CAE Stock Performance

CAE stock opened at $25.45 on Monday. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of -48.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The firm’s fifty day moving average price is $24.26 and its 200 day moving average price is $23.83.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The firm had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts forecast that CAE will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. United Services Automobile Association boosted its holdings in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares during the period. Goldman Sachs Group Inc. boosted its stake in CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after purchasing an additional 1,004,820 shares during the period. Select Equity Group L.P. boosted its stake in CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock valued at $193,314,000 after purchasing an additional 1,122,470 shares during the period. Millennium Management LLC acquired a new position in CAE during the 1st quarter valued at about $4,170,000. Finally, Amundi boosted its stake in CAE by 9.3% during the 1st quarter. Amundi now owns 293,606 shares of the aerospace company’s stock valued at $6,917,000 after purchasing an additional 24,985 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

About CAE

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.