CAE (NYSE:CAE) Stock Rating Lowered by Wall Street Zen

Key Points

• CAE's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, reflecting a cautious outlook among analysts.
• Several brokerages, including Goldman Sachs and National Bank Financial, have given a mix of ratings on CAE, with an average consensus rating of "Moderate Buy" and a price target of $33.67.
• CAE reported earnings of $0.15 per share for the last quarter, aligning with analysts' expectations, but fell short in revenue, with actual figures at $806.92 million compared to estimates of $1.12 billion.

CAE (NYSE:CAE - Get Free Report) TSE: CAE was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other brokerages have also issued reports on CAE. The Goldman Sachs Group assumed coverage on shares of CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective for the company. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reissued a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Finally, Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Price Performance

CAE stock opened at $27.46 on Friday. CAE has a 52-week low of $17.26 and a 52-week high of $30.13. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.32 and a beta of 1.34. The company has a fifty day simple moving average of $28.32 and a 200-day simple moving average of $25.84. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ossiam lifted its position 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 buying an additional 447 shares during the last quarter. United Services Automobile Association lifted its position in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock valued at $265,000 after buying an additional 462 shares during the last quarter. Cetera Investment Advisers lifted its position in CAE by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after buying an additional 497 shares during the last quarter. Russell Investments Group Ltd. lifted its position in CAE by 0.4% in the second quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company's stock valued at $3,770,000 after buying an additional 522 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in CAE by 3.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company's stock valued at $555,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Company Profile

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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