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

Royal Bank of Canada lowered shares of CAE (NYSE:CAE - Free Report) TSE: CAE from an outperform rating to a sector perform rating in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has $38.00 price target on the aerospace company's stock, down from their prior price target of $41.00.

Other equities research analysts have also recently issued reports about the company. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. CIBC reaffirmed a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. The Goldman Sachs Group upped their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group reduced their target price on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CAE has a consensus rating of "Moderate Buy" and a consensus target price of $32.33.

CAE Stock Up 0.5%

Shares of NYSE:CAE traded up $0.12 on Wednesday, reaching $25.03. The company had a trading volume of 366,952 shares, compared to its average volume of 563,002. The firm's 50 day simple moving average is $24.33 and its 200-day simple moving average is $24.01. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.02 billion, a PE ratio of -48.13, a PEG ratio of 1.94 and a beta of 1.26.

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

Institutional Investors Weigh In On CAE

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its position in CAE by 4.1% during the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company's stock worth $2,419,000 after buying an additional 3,741 shares during the last quarter. Stanley Laman Group Ltd. raised its holdings in CAE by 3.2% during the fourth quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company's stock worth $5,879,000 after purchasing an additional 7,260 shares in the last quarter. Asset Planning Inc acquired a new stake in CAE in the fourth quarter valued at about $30,000. Allworth Financial LP boosted its holdings in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in CAE by 25.6% during the 4th quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company's stock worth $759,000 after purchasing an additional 6,100 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

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.