CAE (NYSE:CAE) Rating Lowered to Strong Sell at Zacks Research

CAE (NYSE:CAE) (TSE:CAE) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on CAE. Stifel Nicolaus started coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Weiss Ratings downgraded shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Canaccord Genuity Group initiated coverage on CAE in a report on Friday, March 13th. They set a “buy” rating on the stock. Finally, TD Securities restated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Price Performance

Shares of NYSE CAE opened at $27.96 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. CAE has a twelve month low of $22.96 and a twelve month high of $34.24. The stock has a 50 day moving average of $28.50 and a two-hundred day moving average of $29.04. The stock has a market cap of $8.99 billion, a P/E ratio of 33.68, a P/E/G ratio of 3.07 and a beta of 1.13.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Purpose Unlimited Inc. purchased a new stake in shares of CAE in the 4th quarter worth about $74,000. Vident Advisory LLC increased its holdings in CAE by 6.3% during the 4th quarter. Vident Advisory LLC now owns 33,283 shares of the aerospace company’s stock valued at $1,013,000 after acquiring an additional 1,960 shares in the last quarter. Wellington Management Group LLP increased its holdings in CAE by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 67,892 shares of the aerospace company’s stock valued at $2,067,000 after acquiring an additional 3,242 shares in the last quarter. Investment Management Corp of Ontario raised its position in CAE by 230.3% during the fourth quarter. Investment Management Corp of Ontario now owns 39,419 shares of the aerospace company’s stock worth $1,199,000 after acquiring an additional 27,483 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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. Institutional investors and hedge funds own 67.36% of the company’s stock.

About CAE

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.