Wall Street Zen Downgrades CAE (NYSE:CAE) to Hold

CAE (NYSE:CAE) (TSE:CAE) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts also recently commented on CAE. Royal Bank Of Canada dropped their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 26th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Stifel Nicolaus started coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. Canaccord Genuity Group began coverage on shares of CAE in a report on Friday, March 13th. They set a “buy” rating for the company. Finally, Weiss Ratings lowered shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

CAE Stock Performance

CAE stock opened at $25.08 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96. The company has a 50 day moving average price of $25.86 and a 200-day moving average price of $28.44. The company has a market capitalization of $8.06 billion, a PE ratio of 35.33, a P/E/G ratio of 2.92 and a beta of 1.01. CAE has a fifty-two week low of $22.76 and a fifty-two week high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $953.79 million for the quarter, compared to analysts’ expectations of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities analysts forecast that CAE will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Large investors have recently modified their holdings of the company. Brandes Investment Partners LP increased its holdings in shares of CAE by 1.1% in the 4th quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock valued at $461,107,000 after acquiring an additional 168,074 shares during the last quarter. Vanguard Group Inc. boosted its stake in CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after purchasing an additional 229,270 shares during the period. FIL Ltd grew its holdings in shares of CAE by 21.9% during the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after buying an additional 1,874,739 shares during the last quarter. Select Equity Group L.P. increased its holdings in shares of CAE by 0.6% in the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after purchasing an additional 45,754 shares during the period. Finally, Snyder Capital Management L P increased its stake in CAE by 0.6% in the 4th quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock valued at $165,526,000 after buying an additional 30,235 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.