CAE (NYSE:CAE) Sets New 1-Year Low at $17.37

CAE Inc. (NYSE:CAE) (TSE:CAE)’s stock price hit a new 52-week low on Thursday . The company traded as low as $17.37 and last traded at $17.39, with a volume of 317845 shares traded. The stock had previously closed at $18.18.

Wall Street Analyst Weigh In

Several brokerages recently commented on CAE. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Royal Bank of Canada lowered shares of CAE from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group boosted their target price on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Jefferies Financial Group started coverage on CAE in a research report on Thursday, June 6th. They set a “hold” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

CAE Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $19.43. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of -23.69, a P/E/G ratio of 1.31 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Monday, May 27th. The aerospace company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The firm had revenue of $835.47 million during the quarter, compared to analyst estimates of $863.18 million. During the same period in the previous year, the company earned $0.26 earnings per share. Analysts anticipate that CAE Inc. will post 0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CAE. Massmutual Trust Co. FSB ADV lifted its stake in shares of CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the period. Ridgewood Investments LLC bought a new stake in shares of CAE in the 2nd quarter worth approximately $33,000. Hillsdale Investment Management Inc. grew its holdings in shares of CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Spire Wealth Management increased its position in shares of CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares in 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.