CAE (NYSE:CAE) Stock Rating Upgraded by StockNews.com

CAE (NYSE:CAE) (TSE:CAE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research analysts have also commented on the company. The Goldman Sachs Group lifted their price target on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Finally, National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, CAE currently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Stock Up 2.0 %

NYSE CAE opened at $22.71 on Friday. The stock has a 50 day moving average price of $24.20 and a 200-day moving average price of $22.67. CAE has a one year low of $15.95 and a one year high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The company has a market capitalization of $7.27 billion, a P/E ratio of -43.67, a P/E/G ratio of 1.94 and a beta of 1.39.

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

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently modified their holdings of CAE. Ossiam grew its position in CAE by 1.0% in the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after acquiring an additional 447 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 497 shares during the period. Rathbones Group PLC grew its holdings in shares of CAE by 0.9% in the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock worth $1,386,000 after purchasing an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock worth $1,991,000 after buying an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC lifted its holdings in CAE by 1.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock valued at $1,143,000 after buying an additional 666 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

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.