CAE (NYSE:CAE – Get Rating) (TSE:CAE) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Briefing.com reports.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. TD Securities lifted their price target on shares of CAE from C$39.00 to C$41.00 in a research note on Thursday. Desjardins lifted their price target on shares of CAE from C$37.00 to C$40.00 in a research note on Friday. National Bank Financial decreased their target price on shares of CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. Finally, StockNews.com began coverage on shares of CAE in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $41.33.
Shares of CAE opened at $26.93 on Monday. The firm’s 50 day simple moving average is $25.01 and its 200 day simple moving average is $25.14. The company has a market capitalization of $8.54 billion, a P/E ratio of 76.95, a P/E/G ratio of 3.76 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 0.78. CAE has a 1-year low of $20.96 and a 1-year high of $34.19.
CAE (NYSE:CAE – Get Rating) (TSE:CAE) last posted its quarterly earnings results on Tuesday, May 31st. The aerospace company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $955.00 million for the quarter, compared to the consensus estimate of $952.02 million. CAE had a net margin of 4.21% and a return on equity of 6.79%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, equities analysts anticipate that CAE will post 0.89 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. UMB Bank N A MO bought a new stake in CAE in the fourth quarter valued at $25,000. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of CAE by 53.9% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock valued at $31,000 after buying an additional 434 shares in the last quarter. Addison Advisors LLC bought a new stake in shares of CAE during the 1st quarter valued at $35,000. US Bancorp DE boosted its holdings in shares of CAE by 23.4% during the 3rd quarter. US Bancorp DE now owns 3,205 shares of the aerospace company’s stock valued at $95,000 after buying an additional 607 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of CAE by 25.1% during the 4th quarter. Signaturefd LLC now owns 3,296 shares of the aerospace company’s stock valued at $83,000 after buying an additional 661 shares in the last quarter. Institutional investors and hedge funds own 58.19% of the company’s stock.
About CAE (Get Rating)
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.
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Source: defenseworld.net
