CAE (NYSE:CAE) Cut to “Hold” at StockNews.com

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

Other equities analysts have also recently issued reports about the stock. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.00.

CAE Stock Performance

Shares of NYSE CAE opened at $23.53 on Tuesday. The firm has a fifty day moving average price of $23.98 and a 200-day moving average price of $20.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a market cap of $7.52 billion, a PE ratio of -30.55, a price-to-earnings-growth ratio of 1.79 and a beta of 1.72. CAE has a 1 year low of $15.95 and a 1 year high of $25.53.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results 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 negative net margin of 7.49% and a positive return on equity of 5.79%. Equities analysts anticipate 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 company. Asset Planning Inc bought a new stake in shares of CAE in the 4th quarter worth about $30,000. Cromwell Holdings LLC lifted its holdings in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CAE in the 3rd quarter worth about $74,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE in the 4th quarter worth about $147,000. Finally, Allworth Financial LP lifted its holdings in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares during the last quarter. 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.