CAE (NYSE:CAE) Stock Rating Upgraded by Wall Street Zen

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other analysts have also recently issued reports on the stock. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. BMO Capital Markets restated an “outperform” rating on shares of CAE in a research note on Wednesday, May 14th. CIBC restated a “neutral” rating on shares of CAE in a research note on Thursday, May 15th. Jefferies Financial Group cut their target price on shares of CAE from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, May 16th. Finally, Scotiabank upgraded shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 15th. Seven equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.33.

CAE Stock Performance

Shares of CAE opened at $25.03 on Tuesday. The firm has a 50-day moving average of $24.34 and a 200-day moving average of $24.05. CAE has a one year low of $15.95 and a one year high of $27.62. The company has a market cap of $8.02 billion, a PE ratio of -48.13, 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.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in CAE by 3.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company’s stock worth $29,759,000 after purchasing an additional 42,325 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CAE in the 4th quarter worth about $4,746,000. Norges Bank acquired a new stake in CAE in the 4th quarter worth about $98,436,000. Plato Investment Management Ltd acquired a new stake in CAE in the 4th quarter worth about $846,000. Finally, Intact Investment Management Inc. bought a new position in CAE in the 4th quarter valued at about $13,763,000. Institutional investors and hedge funds 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.