CAE (NYSE:CAE) Rating Increased to Strong-Buy at Cibc World Mkts

CAE (NYSE:CAE - Get Free Report) TSE: CAE was upgraded by equities researchers at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a report released on Friday,Zacks.com reports.

A number of other equities research analysts have also recently commented on CAE. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Royal Bank Of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $41.00 to $38.00 in a research note on Wednesday, May 21st. Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, CAE currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

CAE Stock Up 4.7%

CAE stock opened at $28.07 on Friday. The company's 50 day moving average is $25.76 and its two-hundred day moving average is $24.67. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. CAE has a twelve month low of $15.95 and a twelve month high of $28.21. The stock has a market cap of $8.99 billion, a P/E ratio of 31.18, a PEG ratio of 2.21 and a beta of 1.28.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data 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 return on equity of 8.17% and a net margin of 8.55%. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm earned $0.37 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CAE. Ossiam raised its holdings in CAE by 1.0% in the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock valued at $1,173,000 after acquiring an additional 447 shares in the last quarter. United Services Automobile Association increased its position in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after purchasing an additional 462 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of CAE by 4.6% in the 4th 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 in the last quarter. Rathbones Group PLC lifted its position in shares of CAE by 0.9% during 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. Finally, CANADA LIFE ASSURANCE Co grew its stake in CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after purchasing an additional 646 shares in the last quarter. 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.

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