CAE (NYSE:CAE) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CAE (NYSE:CAE - Free Report) TSE: CAE from a hold rating to a buy rating in a research note released on Wednesday.

Several other analysts also recently issued reports on CAE. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, TD Securities cut CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, CAE has a consensus rating of "Hold" and an average price target of $32.00.

CAE Stock Down 3.7 %

NYSE:CAE traded down $0.95 during trading hours on Wednesday, hitting $24.56. The stock had a trading volume of 723,216 shares, compared to its average volume of 558,090. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE has a 1-year low of $15.95 and a 1-year high of $27.62. The business has a 50 day simple moving average of $24.27 and a two-hundred day simple moving average of $20.98. The company has a market cap of $7.85 billion, a PE ratio of -47.22, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that CAE will post 0.83 EPS for the current year.

Hedge Funds Weigh In On CAE

Several large investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in CAE by 34.4% during the fourth quarter. Vident Advisory LLC now owns 374,393 shares of the aerospace company's stock worth $9,502,000 after purchasing an additional 95,905 shares during the last quarter. Two Sigma Advisers LP lifted its stake in CAE by 212.1% during the fourth quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company's stock worth $4,467,000 after purchasing an additional 119,600 shares during the last quarter. Two Sigma Investments LP lifted its stake in CAE by 255.7% during the fourth quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company's stock worth $13,328,000 after purchasing an additional 377,499 shares during the last quarter. Select Equity Group L.P. lifted its stake in CAE by 427.1% during the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock worth $171,093,000 after purchasing an additional 5,462,455 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in CAE by 10.6% in the fourth quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock worth $1,299,000 after buying an additional 4,900 shares during the period. 67.36% of the stock is currently owned by 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.