StockNews.com Upgrades CAE (NYSE:CAE) to “Strong-Buy”

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a strong-buy rating in a research report report published on Monday.

CAE has been the topic of a number of other reports. BMO Capital Markets restated an “outperform” rating on shares of CAE in a research report on Wednesday, May 14th. CIBC restated a “neutral” rating on shares of CAE in a research report on Thursday. National Bank Financial upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Jefferies Financial Group dropped their target price on shares of CAE from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CAE presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

CAE Stock Up 0.3%

CAE stock opened at $25.45 on Monday. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of -48.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The firm’s 50-day moving average is $24.26 and its two-hundred day moving average is $23.83. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The company had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.37 EPS. CAE’s revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of CAE by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company’s stock valued at $29,759,000 after acquiring an additional 42,325 shares during the period. Raymond James Financial Inc. acquired a new position in CAE in the 4th quarter valued at approximately $4,746,000. Norges Bank acquired a new position in CAE in the 4th quarter valued at approximately $98,436,000. Plato Investment Management Ltd acquired a new position in CAE in the 4th quarter valued at approximately $846,000. Finally, Intact Investment Management Inc. acquired a new position in CAE in the 4th quarter valued at approximately $13,763,000. 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.