CAE (NYSE:CAE) Upgraded to "Strong-Buy" at Cibc World Mkts

Cibc World Mkts upgraded shares of CAE (NYSE:CAE - Free Report) TSE: CAE from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

A number of other research firms also recently commented on CAE. CIBC reaffirmed a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $38.00 in a research note on Wednesday, May 21st. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Finally, Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Six equities 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

CAE Stock Performance

Shares of NYSE CAE traded down $0.29 during midday trading on Friday, reaching $28.99. The company had a trading volume of 525,698 shares, compared to its average volume of 540,554. CAE has a 1 year low of $15.95 and a 1 year high of $29.43. The business's 50-day simple moving average is $25.88 and its 200 day simple moving average is $24.73. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. The stock has a market cap of $9.29 billion, a P/E ratio of 32.21, a P/E/G ratio of 2.32 and a beta of 1.28.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. CAE had a return on equity of 8.17% and a net margin of 8.55%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently made changes to their positions in CAE. Natixis purchased a new stake in CAE during the fourth quarter worth $38,000. Versant Capital Management Inc purchased a new stake in shares of CAE during the 1st quarter worth about $53,000. UniSuper Management Pty Ltd acquired a new stake in shares of CAE during the 4th quarter valued at about $147,000. State of Wyoming increased its stake in shares of CAE by 39.4% in the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock valued at $207,000 after purchasing an additional 2,385 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in CAE in the 4th quarter worth about $213,000. 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.