CAE (NYSE:CAE) Cut to "Hold" at StockNews.com

StockNews.com downgraded shares of CAE (NYSE:CAE - Free Report) TSE: CAE from a buy rating to a hold rating in a report released on Tuesday.

A number of other research firms have also recently weighed in on CAE. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Finally, National Bank Financial cut shares of CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.00.

CAE Stock Performance

CAE traded up $3.24 during trading on Tuesday, hitting $26.75. The stock had a trading volume of 1,854,951 shares, compared to its average volume of 472,440. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The firm has a market capitalization of $8.55 billion, a P/E ratio of -34.73, a PEG ratio of 1.79 and a beta of 1.72. The company's 50-day moving average price is $24.05 and its 200 day moving average price is $20.73. CAE has a twelve month low of $15.95 and a twelve month high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced 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 7.49% and a positive return on equity of 5.79%. On average, equities research analysts forecast that CAE will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently made changes to their positions in the business. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after buying an additional 6,313,165 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of CAE by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock worth $378,459,000 after buying an additional 221,205 shares in the last quarter. Vanguard Group Inc. lifted its holdings in CAE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company's stock valued at $310,134,000 after purchasing an additional 181,807 shares in the last quarter. National Bank of Canada FI lifted its holdings in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after purchasing an additional 736,895 shares in the last quarter. Finally, Snyder Capital Management L P lifted its holdings in CAE by 8.2% in the 4th quarter. Snyder Capital Management L P now owns 5,474,708 shares of the aerospace company's stock valued at $138,948,000 after purchasing an additional 416,699 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other 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.