CAE (NYSE:CAE) Upgraded at Bank of America

Bank of America upgraded shares of CAE (NYSE:CAE - Free Report) TSE: CAE from an underperform rating to a neutral rating in a report issued on Friday morning, Marketbeat.com reports.

A number of other research analysts have also issued reports on CAE. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CAE has an average rating of "Hold" and an average target price of $32.00.

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CAE Price Performance

Shares of CAE stock traded down $0.34 during trading on Friday, hitting $24.25. 675,871 shares of the company were exchanged, compared to its average volume of 558,254. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $24.38 and a 200 day moving average price of $21.61. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of -46.63, a P/E/G ratio of 1.94 and a beta of 1.74.

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

Institutional Trading of CAE

A number of hedge funds have recently made changes to their positions in the company. Ossiam increased its stake in CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after buying an additional 447 shares during the period. Cetera Investment Advisers grew its stake in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after acquiring an additional 497 shares in the last quarter. Rathbones Group PLC increased its position in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after acquiring an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after acquiring an additional 646 shares in the last quarter. Finally, Schechter Investment Advisors LLC boosted its holdings in CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after purchasing an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

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.