CAE (NYSE:CAE) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on CAE. Stifel Nicolaus initiated coverage on CAE in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Canaccord Genuity Group initiated coverage on CAE in a report on Friday, March 13th. They set a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Sunday, February 15th. Finally, TD Securities restated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Trading Down 3.2%

NYSE:CAE opened at $27.06 on Tuesday. CAE has a fifty-two week low of $22.96 and a fifty-two week high of $34.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The stock has a market capitalization of $8.70 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.11 and a beta of 1.13. The business’s 50-day simple moving average is $28.44 and its 200-day simple moving average is $29.03.

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

Institutional Investors Weigh In On CAE

Institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC lifted its stake in CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 799 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in CAE in the 4th quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new stake in CAE in the 3rd quarter valued at approximately $42,000. Brown Brothers Harriman & Co. acquired a new position in shares of CAE during the 4th quarter worth approximately $47,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of CAE during the 4th quarter worth approximately $74,000. 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.