CAE (NYSE:CAE) Coverage Initiated at Stifel Nicolaus

Analysts at Stifel Nicolaus assumed coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report issued on Wednesday, MarketBeat reports. The firm set a “buy” rating on the aerospace company’s stock.

A number of other analysts also recently issued reports on the stock. TD Securities reaffirmed a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Royal Bank Of Canada lowered their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group restated a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Stock Down 2.5%

CAE stock opened at $30.14 on Wednesday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.63 and a beta of 1.11. The stock has a fifty day simple moving average of $31.50 and a two-hundred day simple moving average of $29.02. CAE has a 12 month low of $20.36 and a 12 month high of $34.24. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The firm had revenue of $911.78 million for the quarter, compared to the consensus estimate of $922.62 million. During the same period in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that CAE will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC boosted its position in shares of CAE by 382.5% during the second quarter. Neuberger Berman Group LLC now owns 51,521 shares of the aerospace company’s stock worth $1,507,000 after acquiring an additional 40,842 shares during the last quarter. Brandes Investment Partners LP increased its holdings in CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after acquiring an additional 628,848 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in CAE in the 2nd quarter worth $5,854,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock valued at $33,267,000 after purchasing an additional 886,951 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of CAE during the third quarter valued at about $999,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.