Zacks Investment Research Lowers CAE (CAE) to Hold

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CAE (NYSE:CAE) (TSE:CAE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Separately, ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th.

CAE traded up $0.19 during midday trading on Wednesday, hitting $18.24. The company had a trading volume of 105,009 shares, compared to its average volume of 189,194. The company has a current ratio of 1.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.80 billion, a PE ratio of 20.97, a PEG ratio of 1.92 and a beta of 0.79. CAE has a twelve month low of $16.84 and a twelve month high of $21.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $722.00 million during the quarter, compared to analysts’ expectations of $729.04 million. CAE had a net margin of 12.36% and a return on equity of 13.48%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, research analysts predict that CAE will post 0.95 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TD Asset Management Inc. increased its position in CAE by 2.0% in the 3rd quarter. TD Asset Management Inc. now owns 7,697,011 shares of the aerospace company’s stock valued at $156,131,000 after acquiring an additional 151,034 shares in the last quarter. USS Investment Management Ltd increased its position in CAE by 0.3% in the 3rd quarter. USS Investment Management Ltd now owns 6,083,110 shares of the aerospace company’s stock valued at $123,706,000 after acquiring an additional 20,250 shares in the last quarter. Fiera Capital Corp increased its position in CAE by 1,938.1% in the 2nd quarter. Fiera Capital Corp now owns 4,544,364 shares of the aerospace company’s stock valued at $94,414,000 after acquiring an additional 4,321,396 shares in the last quarter. Bank of Montreal Can increased its position in CAE by 4.2% in the 3rd quarter. Bank of Montreal Can now owns 2,866,939 shares of the aerospace company’s stock valued at $58,257,000 after acquiring an additional 116,785 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in CAE by 66.8% in the 2nd quarter. Toronto Dominion Bank now owns 2,851,299 shares of the aerospace company’s stock valued at $60,122,000 after acquiring an additional 1,141,540 shares in the last quarter. Hedge funds and other institutional investors own 49.03% of the company’s stock.

About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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