CAE (NYSE:CAE) Upgraded to “Neutral” at Bank of America

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

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

CAE Stock Performance

Shares of NYSE CAE opened at $25.16 on Friday. The business has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $21.50. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of -48.38, a PEG ratio of 1.94 and a beta of 1.74. CAE has a one year low of $15.95 and a one year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data 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 positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts expect that CAE will post 0.83 EPS for the current year.

Institutional Trading of CAE

Several large investors have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares during the last quarter. Atria Investments Inc boosted its holdings in CAE by 100.6% in the third quarter. Atria Investments Inc now owns 41,552 shares of the aerospace company’s stock valued at $779,000 after acquiring an additional 20,843 shares during the last quarter. Venturi Wealth Management LLC bought a new position in CAE in the third quarter valued at about $74,000. Aigen Investment Management LP boosted its holdings in CAE by 68.8% in the third quarter. Aigen Investment Management LP now owns 30,955 shares of the aerospace company’s stock valued at $581,000 after acquiring an additional 12,619 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in CAE by 26.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,074 shares of the aerospace company’s stock valued at $395,000 after acquiring an additional 4,370 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

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.