CAE (NYSE:CAE) Receives Hold (C) Rating from Weiss Ratings

Key Points

• CAE's stock has been assigned a hold (C) rating by Weiss Ratings, with a consensus rating of "Moderate Buy" and an average price target of $33.67.
• The aerospace company reported quarterly earnings of $0.15 EPS, matching analyst estimates, but fell short on revenue expectations with $806.92 million reported.
• Significant institutional trading activity has occurred, including Browning West LP increasing its holdings in CAE by 131.4% during the first quarter.

CAE (NYSE:CAE - Get Free Report) TSE: CAE's stock had its "hold (c)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group restated a "hold" rating and issued a $30.00 target price on shares of CAE in a research note on Monday, July 21st. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. The Goldman Sachs Group assumed coverage on shares of CAE in a research report on Monday, June 30th. They issued a "buy" rating and a $33.00 price target on the stock. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

CAE Trading Up 0.4%

CAE stock traded up $0.11 during midday trading on Wednesday, reaching $28.59. The stock had a trading volume of 582,592 shares, compared to its average volume of 582,844. The stock's 50-day simple moving average is $27.77 and its 200 day simple moving average is $26.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. CAE has a twelve month low of $17.58 and a twelve month high of $30.13. The stock has a market capitalization of $9.17 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.56 and a beta of 1.36.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same quarter in the previous year, the business posted $0.21 EPS. Analysts expect that CAE will post 0.83 EPS for the current year.

Institutional Trading of CAE

A number of hedge funds have recently bought and sold shares of CAE. Browning West LP boosted its holdings in CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company's stock valued at $337,742,000 after purchasing an additional 7,800,012 shares during the period. Norges Bank bought a new position in shares of CAE during the 2nd quarter worth about $118,239,000. Select Equity Group L.P. lifted its holdings in shares of CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company's stock worth $193,314,000 after acquiring an additional 1,122,470 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock worth $42,036,000 after acquiring an additional 1,004,820 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company's stock worth $33,267,000 after acquiring an additional 886,951 shares during the period. 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.

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