CAE (CAE) Raised to Outperform at Royal Bank of Canada

CAE (NYSE:CAE) (TSE:CAE) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports.

CAE has been the topic of a number of other reports. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, AltaCorp Capital reiterated a “hold” rating and set a $21.00 price target on shares of CAE in a report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.33.

Shares of CAE (NYSE CAE) traded up $0.95 during trading on Monday, reaching $18.40. The company had a trading volume of 626,552 shares, compared to its average volume of 241,453. The company has a market capitalization of $4,960.00, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.08 and a beta of 0.79. CAE has a 1-year low of $14.24 and a 1-year high of $19.00. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Friday, February 9th. The aerospace company reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. The business had revenue of $704.40 million for the quarter, compared to analyst estimates of $729.98 million. CAE had a return on equity of 13.24% and a net margin of 11.31%. CAE’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. research analysts anticipate that CAE will post 0.84 EPS for the current fiscal year.

CAE announced that its board has initiated a share buyback program on Friday, February 9th that permits the company to repurchase 5,350,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in CAE. Advisor Group Inc. increased its position in CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after buying an additional 3,354 shares during the last quarter. Dean Capital Investments Management LLC purchased a new stake in CAE in the fourth quarter worth $338,000. Alliancebernstein L.P. increased its position in CAE by 13.1% in the second quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock worth $381,000 after buying an additional 2,568 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in CAE in the fourth quarter worth $493,000. Finally, Port Capital LLC purchased a new stake in CAE in the fourth quarter worth $511,000. 52.12% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CAE (NYSE:CAE)

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