CAE (NYSE:CAE) Hits New 12-Month Low at $17.37

CAE Inc. (NYSE:CAE) (TSE:CAE)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $17.37 and last traded at $17.39, with a volume of 317845 shares. The stock had previously closed at $18.18.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group initiated coverage on CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 price objective for the company. Desjardins cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Royal Bank of Canada lowered shares of CAE from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 2nd. The Goldman Sachs Group increased their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.00.

CAE Price Performance

The business’s 50-day simple moving average is $18.61 and its two-hundred day simple moving average is $19.43. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of -23.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The firm had revenue of $835.47 million during the quarter, compared to the consensus estimate of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same quarter in the previous year, the company posted $0.26 earnings per share. Research analysts expect that CAE Inc. will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CAE. Massmutual Trust Co. FSB ADV grew its holdings in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 707 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of CAE during the second quarter worth $33,000. Hillsdale Investment Management Inc. grew its stake in shares of CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. Spire Wealth Management increased its holdings in CAE by 52.8% in the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.