CAE (NYSE:CAE) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

CAE has been the topic of a number of other research reports. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Sunday, February 15th. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Stifel Nicolaus began coverage on CAE in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Finally, TD Securities reiterated a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Price Performance

NYSE CAE opened at $27.96 on Tuesday. The stock’s 50-day moving average price is $28.50 and its two-hundred day moving average price is $29.04. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $8.99 billion, a PE ratio of 33.68, a PEG ratio of 3.07 and a beta of 1.13. CAE has a 1 year low of $22.96 and a 1 year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $911.78 million for the quarter, compared to the consensus estimate of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. On average, analysts predict that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Purpose Unlimited Inc. purchased a new position in CAE in the fourth quarter valued at about $74,000. Vident Advisory LLC grew its stake in CAE by 6.3% in the fourth quarter. Vident Advisory LLC now owns 33,283 shares of the aerospace company’s stock valued at $1,013,000 after purchasing an additional 1,960 shares in the last quarter. Wellington Management Group LLP grew its stake in CAE by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 67,892 shares of the aerospace company’s stock valued at $2,067,000 after purchasing an additional 3,242 shares in the last quarter. Investment Management Corp of Ontario grew its stake in CAE by 230.3% in the fourth quarter. Investment Management Corp of Ontario now owns 39,419 shares of the aerospace company’s stock valued at $1,199,000 after purchasing an additional 27,483 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in CAE by 5.1% in the fourth quarter. Janus Henderson Group PLC now owns 49,104 shares of the aerospace company’s stock valued at $1,501,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.