CAE (NYSE:CAE) Lowered to Hold at Desjardins

CAE (NYSE:CAE) (TSE:CAE) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Tuesday, May 21st, MarketBeat.com reports. Desjardins also issued estimates for CAE’s Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.04 EPS and FY2021 earnings at $1.15 EPS.

A number of other analysts have also commented on the stock. BMO Capital Markets lowered shares of CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.70.

Shares of NYSE CAE traded up $0.40 during mid-day trading on Tuesday, hitting $25.76. 148,328 shares of the stock were exchanged, compared to its average volume of 164,668. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.47. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.45 and a beta of 0.79. CAE has a twelve month low of $16.96 and a twelve month high of $27.42.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.34%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $945.05 million. During the same quarter last year, the business posted $0.37 earnings per share. CAE’s revenue for the quarter was up 41.7% compared to the same quarter last year. On average, analysts forecast that CAE will post 1.04 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wetherby Asset Management Inc. increased its stake in shares of CAE by 4.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 13,276 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 592 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its stake in CAE by 4.6% in the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 16,009 shares of the aerospace company’s stock valued at $294,000 after purchasing an additional 708 shares during the last quarter. Wells Fargo & Company MN increased its position in CAE by 0.5% in the 1st quarter. Wells Fargo & Company MN now owns 217,963 shares of the aerospace company’s stock valued at $4,828,000 after acquiring an additional 1,131 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of CAE during the first quarter worth $28,000. Finally, Advisor Group Inc. increased its position in shares of CAE by 5.4% during the first quarter. Advisor Group Inc. now owns 24,548 shares of the aerospace company’s stock worth $544,000 after buying an additional 1,261 shares during the period. 47.22% of the stock is currently owned by institutional investors and hedge funds.

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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