StockNews.com Upgrades CAE (NYSE:CAE) to "Buy"

CAE (NYSE:CAE - Get Free Report) TSE: CAE was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Finally, Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CAE presently has an average rating of "Hold" and a consensus price target of $32.00.

CAE Stock Down 0.6 %

Shares of CAE stock traded down $0.15 during trading hours on Friday, reaching $23.20. The company had a trading volume of 22,619 shares, compared to its average volume of 571,691. The company has a market cap of $7.43 billion, a price-to-earnings ratio of -44.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE has a 12 month low of $15.95 and a 12 month high of $27.62. The business has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $22.74.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, research analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Institutional investors have recently made changes to their positions in the stock. Asset Planning Inc purchased a new stake in CAE during the 4th quarter worth about $30,000. Natixis purchased a new stake in shares of CAE in the fourth quarter worth about $38,000. Versant Capital Management Inc bought a new position in shares of CAE in the first quarter valued at approximately $53,000. UniSuper Management Pty Ltd purchased a new position in CAE during the fourth quarter valued at approximately $147,000. Finally, Allworth Financial LP increased its holdings in CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after acquiring an additional 913 shares during the period. Hedge funds and other institutional investors 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.