CAE (NYSE:CAE) Downgraded to Sector Perform Rating by Royal Bank of Canada

CAE (NYSE:CAE - Get Free Report) TSE: CAE was downgraded by investment analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report released on Wednesday,Finviz reports.

Several other analysts have also recently commented on the company. StockNews.com upgraded CAE from a "buy" rating to a "strong-buy" rating in a research report on Monday. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group upped their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

CAE Trading Up 1.9%

CAE opened at $25.92 on Wednesday. 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 stock has a market cap of $8.30 billion, a price-to-earnings ratio of -49.85, a P/E/G ratio of 1.94 and a beta of 1.26. The stock's 50 day moving average price is $24.30 and its 200-day moving average price is $23.84. CAE has a one year low of $15.95 and a one year high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. CAE's revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that CAE will post 0.83 EPS for the current year.

Institutional Trading of CAE

Several hedge funds have recently added to or reduced their stakes in CAE. Asset Planning Inc purchased a new position in CAE in the fourth quarter valued at approximately $30,000. Natixis purchased a new stake in shares of CAE in the 4th quarter valued at about $38,000. Versant Capital Management Inc acquired a new stake in shares of CAE in the 1st quarter valued at about $53,000. UniSuper Management Pty Ltd acquired a new position in CAE during the fourth quarter worth approximately $147,000. Finally, Allworth Financial LP raised its holdings in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after buying an additional 913 shares during the last quarter. Institutional investors and hedge funds 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.

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