Desjardins Lowers CAE (CAE) to Hold

CAE (NYSE:CAE) (TSE:CAE) was downgraded by investment analysts at Desjardins to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. BMO Capital Markets reissued a “buy” rating and set a $33.00 target price on shares of CAE in a research note on Tuesday, April 30th. Finally, Zacks Investment Research cut CAE from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $29.10.

Shares of CAE stock opened at $26.67 on Tuesday. CAE has a one year low of $16.96 and a one year high of $27.42. The company has a market cap of $7.14 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.52 and a beta of 0.95. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.47.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $945.05 million. CAE had a return on equity of 13.27% and a net margin of 10.07%. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. On average, research analysts predict that CAE will post 1.08 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. RMB Capital Management LLC acquired a new stake in CAE during the fourth quarter worth $574,000. Two Sigma Advisers LP grew its stake in shares of CAE by 24.3% in the fourth quarter. Two Sigma Advisers LP now owns 180,456 shares of the aerospace company’s stock valued at $3,319,000 after buying an additional 35,256 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CAE by 4.9% in the third quarter. Vanguard Group Inc. now owns 7,087,853 shares of the aerospace company’s stock valued at $144,025,000 after buying an additional 331,851 shares in the last quarter. AGF Investments Inc. grew its stake in shares of CAE by 28.7% in the fourth quarter. AGF Investments Inc. now owns 416,443 shares of the aerospace company’s stock valued at $7,653,000 after buying an additional 92,951 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of CAE by 36.5% in the first quarter. Janus Henderson Group PLC now owns 1,308,852 shares of the aerospace company’s stock valued at $29,009,000 after buying an additional 350,037 shares in the last quarter. 49.22% of the stock is owned by institutional investors.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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