CAE (NYSE:CAE) Rating Reiterated by Raymond James

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CAE (NYSE:CAE) (TSE:CAE)‘s stock had its “hold” rating reissued by equities research analysts at Raymond James in a research report issued to clients and investors on Friday, TipRanks reports. Raymond James also issued estimates for CAE’s Q2 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.03 EPS and FY2021 earnings at $1.14 EPS.

CAE has been the subject of a number of other research reports. BMO Capital Markets cut CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. CIBC reiterated a “hold” rating and set a $37.00 price target on shares of CAE in a report on Wednesday, May 22nd. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Finally, Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.50.

Shares of CAE traded up $0.22 during midday trading on Friday, hitting $25.77. 214,259 shares of the stock traded hands, compared to its average volume of 182,558. CAE has a 1-year low of $16.96 and a 1-year high of $28.03. The firm has a market capitalization of $6.66 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.78. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.83 and a current ratio of 1.20. The business’s 50 day moving average price is $27.05 and its two-hundred day moving average price is $24.16.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $825.60 million for the quarter, compared to the consensus estimate of $849.39 million. CAE had a return on equity of 13.94% and a net margin of 9.45%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. As a group, equities research analysts forecast that CAE will post 1.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CAE. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of CAE by 32.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,227 shares of the aerospace company’s stock worth $194,000 after buying an additional 1,774 shares during the period. Advisors Capital Management LLC raised its stake in CAE by 65.0% during the 2nd quarter. Advisors Capital Management LLC now owns 167,347 shares of the aerospace company’s stock valued at $4,495,000 after buying an additional 65,905 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in CAE during the 2nd quarter valued at $231,000. Paloma Partners Management Co purchased a new stake in CAE during the 2nd quarter valued at $217,000. Finally, Bank of America Corp DE raised its stake in CAE by 58.4% during the 2nd quarter. Bank of America Corp DE now owns 352,207 shares of the aerospace company’s stock valued at $9,459,000 after buying an additional 129,890 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

About CAE

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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Analyst Recommendations for CAE (NYSE:CAE)

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