CAE (NYSE:CAE) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a report released on Friday morning.

CAE has been the topic of several other reports. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised their price target on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

CAE Trading Down 8.7 %

Shares of CAE stock opened at $21.51 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a market cap of $6.89 billion, a P/E ratio of -41.37, a PEG ratio of 1.94 and a beta of 1.39. The company has a 50 day moving average of $24.45 and a 200-day moving average of $22.53. CAE has a 12-month low of $15.95 and a 12-month high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently bought and sold shares of CAE. Asset Planning Inc bought a new position in shares of CAE in the fourth quarter worth $30,000. Natixis purchased a new position in CAE during the fourth quarter worth about $38,000. Versant Capital Management Inc bought a new position in CAE in the 1st quarter worth about $53,000. UniSuper Management Pty Ltd purchased a new stake in shares of CAE in the 4th quarter valued at about $147,000. Finally, Allworth Financial LP raised its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 913 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other 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.