CAE (NYSE:CAE) Downgraded to Hold Rating by StockNews.com

CAE (NYSE:CAE) (TSE:CAE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also recently issued reports about the company. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Down 8.7 %

Shares of NYSE CAE opened at $21.51 on Friday. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The business’s 50 day moving average is $24.45 and its two-hundred day moving average is $22.50. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of -41.37, a PEG ratio of 1.94 and a beta of 1.39. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts predict that CAE will post 0.83 EPS for the current year.

Hedge Funds Weigh In On CAE

A number of hedge funds and other institutional investors have recently made changes to their positions in CAE. Benjamin Edwards Inc. acquired a new position in CAE during the 3rd quarter worth approximately $249,000. Centiva Capital LP purchased a new stake in shares of CAE in the third quarter valued at approximately $197,000. Janus Henderson Group PLC grew its holdings in CAE by 9.1% during the third quarter. Janus Henderson Group PLC now owns 57,283 shares of the aerospace company’s stock worth $1,074,000 after acquiring an additional 4,800 shares during the period. IHT Wealth Management LLC raised its position in CAE by 3.7% in the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 802 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in CAE by 47.9% in the third quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company’s stock valued at $1,871,000 after acquiring an additional 32,344 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

About CAE

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.