Zacks Investment Research cut shares of Cae Inc (NYSE:CAE) (TSE:CAE) from a buy rating to a sell rating in a report published on Friday.
According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “
Other equities analysts have also issued research reports about the stock. TD Securities upgraded shares of Cae from a hold rating to a buy rating in a report on Wednesday, February 15th. Scotiabank upgraded shares of Cae from a sector perform rating to an outperform rating in a report on Wednesday, February 15th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $19.00.
Cae (NYSE:CAE) opened at 15.46 on Friday. Cae has a 1-year low of $11.85 and a 1-year high of $16.01. The firm has a market cap of $4.15 billion, a P/E ratio of 23.35 and a beta of 0.83. The stock has a 50 day moving average price of $15.42 and a 200-day moving average price of $14.73.
Cae (NYSE:CAE) last issued its quarterly earnings results on Tuesday, February 14th. The aerospace company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $682.70 million for the quarter, compared to analyst estimates of $616.30 million. Cae had a net margin of 8.90% and a return on equity of 13.19%. Cae’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. Equities research analysts forecast that Cae will post $0.75 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of Cae by 38.2% in the third quarter. US Bancorp DE now owns 8,653 shares of the aerospace company’s stock valued at $123,000 after buying an additional 2,390 shares in the last quarter. Advisor Group Inc. raised its position in shares of Cae by 1,354.9% in the third quarter. Advisor Group Inc. now owns 13,560 shares of the aerospace company’s stock valued at $193,000 after buying an additional 12,628 shares in the last quarter. Morgan Stanley raised its position in shares of Cae by 19.4% in the third quarter. Morgan Stanley now owns 2,390,958 shares of the aerospace company’s stock valued at $34,048,000 after buying an additional 387,875 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Cae by 8.6% in the third quarter. Hsbc Holdings PLC now owns 26,310 shares of the aerospace company’s stock valued at $374,000 after buying an additional 2,081 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Cae during the third quarter valued at $24,088,000. Hedge funds and other institutional investors own 58.78% of the company’s stock.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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