CAE Inc. (NYSE:CAE) Short Interest Down 19.9% in May

CAE Inc. (NYSE:CAE) (TSE:CAE) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,660,000 shares, a drop of 19.9% from the April 30th total of 3,320,000 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 515,000 shares, the short-interest ratio is presently 5.2 days.

CAE Stock Performance

Shares of NYSE CAE opened at $25.74 on Monday. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of -49.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $24.38 and a 200 day moving average of $24.19.

CAE (NYSE:CAE) (TSE:CAE) last issued 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 negative net margin of 4.96% and a positive return on equity of 6.11%. The firm had revenue of $886.20 million during 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 company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, research analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

Several hedge funds have recently bought and sold shares of CAE. Asset Planning Inc purchased a new position in shares of CAE during the 4th quarter valued at about $30,000. Natixis bought a new stake in CAE during the 4th quarter worth approximately $38,000. Versant Capital Management Inc purchased a new position in CAE during the first quarter valued at approximately $53,000. UniSuper Management Pty Ltd bought a new position in shares of CAE in the fourth quarter worth approximately $147,000. Finally, Allworth Financial LP boosted its position in shares of 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 purchasing an additional 913 shares during the period. Institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada downgraded CAE from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $41.00 to $38.00 in a report on Wednesday, May 21st. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, CIBC reiterated a “neutral” rating on shares of CAE in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

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.