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

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

CAE has been the topic of a number of other research reports. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.00.

CAE Trading Down 0.1 %

Shares of NYSE CAE opened at $23.53 on Tuesday. The firm’s 50 day moving average price is $23.98 and its 200-day moving average price is $20.67. The company has a market cap of $7.52 billion, a PE ratio of -30.55, a P/E/G ratio of 1.79 and a beta of 1.72. CAE has a 52-week low of $15.95 and a 52-week high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

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

Institutional Trading of CAE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rathbones Group PLC increased its holdings in CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock valued at $1,386,000 after buying an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock valued at $1,991,000 after buying an additional 646 shares during the last quarter. Schechter Investment Advisors LLC increased its holdings in CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock valued at $1,143,000 after buying an additional 666 shares during the last quarter. IHT Wealth Management LLC increased its holdings in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after buying an additional 802 shares during the last quarter. Finally, US Bancorp DE increased its holdings in CAE by 10.4% during the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock valued at $226,000 after buying an additional 835 shares during the last quarter. 67.36% of the stock is 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.