StockNews.com Downgrades CAE (NYSE:CAE) to Hold

CAE (NYSE:CAE) (TSE:CAE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also commented on CAE. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.00.

CAE Price Performance

CAE traded down $2.05 during trading on Friday, reaching $21.51. 783,786 shares of the stock were exchanged, compared to its average volume of 574,692. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of -41.37, a P/E/G ratio of 1.94 and a beta of 1.74. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The business’s 50 day moving average price is $24.45 and its two-hundred day moving average price is $22.47.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, equities research analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

Several institutional investors have recently made changes to their positions in CAE. Nomura Holdings Inc. purchased a new position in shares of CAE in the 4th quarter worth $201,771,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after purchasing an additional 6,313,165 shares during the period. Browning West LP purchased a new position in shares of CAE in the 4th quarter worth about $150,629,000. Select Equity Group L.P. lifted its stake in shares of CAE by 427.1% in the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock valued at $171,093,000 after purchasing an additional 5,462,455 shares in the last quarter. Finally, Norges Bank acquired a new stake in CAE during the 4th quarter worth approximately $98,436,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.