CAE Inc (CAE) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of CAE Inc (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research report released on Monday, October 30th.

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. “

A number of other brokerages also recently commented on CAE. BidaskClub downgraded CAE from a sell rating to a strong sell rating in a research note on Friday, August 25th. BMO Capital Markets upgraded CAE from a market perform rating to an outperform rating and set a $23.00 price objective for the company in a research note on Wednesday, August 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $21.33.

CAE (CAE) opened at $17.45 on Monday. The company has a market capitalization of $4,726.10, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.24 and a current ratio of 1.58. CAE has a 52 week low of $13.75 and a 52 week high of $18.25.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.0709 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. CAE’s dividend payout ratio (DPR) is 38.67%.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after buying an additional 3,354 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares during the period. US Bancorp DE lifted its holdings in shares of CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after buying an additional 3,311 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CAE in the second quarter valued at $225,000. Finally, Greenleaf Trust acquired a new stake in shares of CAE in the second quarter valued at $231,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

CAE Company Profile

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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