CAE (NYSE:CAE) Stock Rating Upgraded by Cibc World Mkts

CAE (NYSE:CAEGet Free Report) (TSE:CAE) was upgraded by equities research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Wall Street Zen raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, May 27th. Scotiabank raised shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 15th. CIBC reaffirmed a “neutral” rating on shares of CAE in a research report on Thursday, May 15th. National Bank Financial raised shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Check Out Our Latest Stock Report on CAE

CAE Stock Performance

Shares of CAE stock opened at $28.07 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. CAE has a twelve month low of $15.95 and a twelve month high of $28.21. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.32 and a beta of 1.28. The company’s fifty day moving average is $25.76 and its 200 day moving average is $24.68.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last issued its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $886.20 million for the quarter, compared to analysts’ expectations of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. CAE’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Sell-side analysts forecast that CAE will post 0.83 EPS for the current year.

Hedge Funds Weigh In On CAE

Institutional investors have recently made changes to their positions in the stock. Natixis acquired a new position in shares of CAE during the fourth quarter valued at about $38,000. Versant Capital Management Inc acquired a new position in shares of CAE during the first quarter valued at about $53,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE during the fourth quarter valued at about $147,000. First Trust Advisors LP acquired a new position in shares of CAE during the fourth quarter valued at about $213,000. Finally, State of Wyoming raised its holdings in shares of CAE by 39.4% during the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 2,385 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for CAE (NYSE:CAE)

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