CAE (NYSE:CAE) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from an underperform rating to a neutral rating in a report issued on Friday, Marketbeat reports.

Other analysts have also issued reports about the company. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada boosted their target price on CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Stock Up 2.9 %

Shares of CAE stock opened at $25.16 on Friday. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. 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 stock has a market capitalization of $8.04 billion, a P/E ratio of -48.38, a PEG ratio of 1.94 and a beta of 1.74. The stock has a 50 day moving average price of $24.38 and a two-hundred day moving average price of $21.61.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping 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%. Equities analysts expect that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in CAE in the fourth quarter worth approximately $30,000. Natixis bought a new position in CAE in the fourth quarter worth approximately $38,000. Venturi Wealth Management LLC bought a new position in CAE in the third quarter worth approximately $74,000. UniSuper Management Pty Ltd bought a new position in CAE in the fourth quarter worth approximately $147,000. Finally, Allworth Financial LP boosted its stake in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after buying an additional 913 shares during the period. 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.