CAE (NYSE:CAE) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report released on Friday. The firm issued a buy rating on the aerospace company’s stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. TD Securities reiterated a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Stifel Nicolaus started coverage on CAE in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Sunday, February 15th. Finally, Scotiabank restated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

CAE Stock Performance

CAE stock opened at $27.38 on Friday. The company’s 50-day moving average price is $31.20 and its 200-day moving average price is $29.07. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The company has a market cap of $8.81 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. CAE has a twelve month low of $20.36 and a twelve month high of $34.24.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CAE. Norges Bank bought a new position in shares of CAE during the second quarter valued at approximately $118,239,000. FIL Ltd lifted its stake in shares of CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after acquiring an additional 1,874,739 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of CAE by 82.5% during the 4th quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after acquiring an additional 1,222,581 shares during the last quarter. Morgan Stanley boosted its holdings in CAE by 114.0% during the 4th quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock valued at $62,654,000 after acquiring an additional 1,097,193 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after acquiring an additional 1,004,820 shares during the period. 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.