CAE (NYSE:CAE) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group dropped their price target on CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 17th. Canaccord Genuity Group assumed coverage on CAE in a research note on Friday, March 13th. They set a “buy” rating for the company. Stifel Nicolaus initiated coverage on CAE in a research note on Wednesday, March 4th. They set a “buy” rating for the company. TD Securities restated a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.33.

CAE Price Performance

Shares of CAE stock opened at $25.85 on Wednesday. The stock has a 50 day moving average of $26.92 and a 200 day moving average of $28.76. CAE has a 12 month low of $24.57 and a 12 month high of $34.24. The firm has a market cap of $8.31 billion, a PE ratio of 31.14, a PEG ratio of 3.01 and a beta of 1.03. 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 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 company had revenue of $911.78 million during the quarter, compared to analyst estimates of $922.62 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, research analysts expect that CAE will post 0.87 EPS for the current fiscal year.

Institutional Trading of CAE

Large investors have recently made changes to their positions in the business. K.J. Harrison & Partners Inc bought a new stake in shares of CAE in the 4th quarter worth about $1,222,000. Citigroup Inc. grew its holdings in CAE by 103.0% during the 3rd quarter. Citigroup Inc. now owns 322,554 shares of the aerospace company’s stock valued at $9,553,000 after purchasing an additional 163,649 shares during the last quarter. Vanguard Group Inc. grew its holdings in CAE by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after purchasing an additional 518,030 shares during the last quarter. Anson Funds Management LP bought a new position in CAE during the 3rd quarter valued at about $4,589,000. Finally, Triasima Portfolio Management inc. grew its holdings in CAE by 25.1% during the 3rd quarter. Triasima Portfolio Management inc. now owns 197,508 shares of the aerospace company’s stock valued at $5,850,000 after purchasing an additional 39,608 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

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.