CAE (NYSE:CAE) Downgraded to "Hold" Rating by StockNews.com

CAE (NYSE:CAE - Get Free Report) TSE: CAE was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

CAE has been the topic of several other research reports. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. National Bank Financial downgraded CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, CAE has an average rating of "Hold" and an average price target of $32.00.

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CAE Price Performance

Shares of NYSE CAE traded down $0.41 during mid-day trading on Friday, hitting $21.06. 825,875 shares of the company's stock traded hands, compared to its average volume of 576,201. The company's 50-day moving average is $24.45 and its two-hundred day moving average is $22.53. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market capitalization of $6.74 billion, a P/E ratio of -40.49, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Several hedge funds have recently added to or reduced their stakes in the business. Asset Planning Inc purchased a new stake in shares of CAE in the fourth quarter valued at $30,000. Natixis acquired a new stake in CAE in the 4th quarter valued at $38,000. Versant Capital Management Inc acquired a new position in CAE during the 1st quarter worth approximately $53,000. UniSuper Management Pty Ltd acquired a new stake in shares of CAE during the 4th quarter valued at approximately $147,000. Finally, Allworth Financial LP lifted its position in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

About CAE

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.