CAE Inc (CAE) Upgraded at Zacks Investment Research
CAE Inc (NYSE:CAE) (TSE:CAE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday. The firm currently has a $19.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.01% from the stock’s previous close.
According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “
A number of other analysts also recently weighed in on CAE. BidaskClub downgraded CAE from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets upgraded CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Wednesday. They noted that the move was a valuation call. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.
CAE (NYSE CAE) traded up 0.92% on Thursday, reaching $16.52. The company’s stock had a trading volume of 304,320 shares. The company has a 50-day moving average price of $16.98 and a 200 day moving average price of $15.97. The company has a market cap of $4.44 billion, a P/E ratio of 22.82 and a beta of 0.86. CAE has a 12 month low of $13.57 and a 12 month high of $17.88.
CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $699 million for the quarter, compared to the consensus estimate of $699.76 million. CAE had a net margin of 8.96% and a return on equity of 13.24%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, equities research analysts anticipate that CAE will post $0.86 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in CAE. Advisor Group Inc. increased its stake in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after buying an additional 3,354 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of CAE during the first quarter valued at $138,000. Trexquant Investment LP acquired a new stake in shares of CAE during the first quarter valued at $173,000. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of CAE during the first quarter valued at $207,000. Institutional investors and hedge funds own 53.31% of the company’s stock.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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