CAE (CAE) Scheduled to Post Earnings on Wednesday

CAE (NYSE:CAE – Get Rating) (TSE:CAE) will be releasing its earnings data before the market opens on Wednesday, May 31st. Analysts expect CAE to post earnings of $0.26 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

CAE Trading Down 3.2 %

Shares of CAE stock opened at $21.79 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.97 and a quick ratio of 0.71. CAE has a 1 year low of $15.23 and a 1 year high of $27.91. The company has a market capitalization of $6.93 billion, a P/E ratio of 50.67, a P/E/G ratio of 1.80 and a beta of 1.70. The business has a 50 day moving average price of $22.33 and a 200 day moving average price of $21.65.

Institutional Trading of CAE

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of CAE by 42.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock worth $107,000 after buying an additional 1,223 shares during the last quarter. Group One Trading L.P. acquired a new stake in shares of CAE during the 1st quarter worth $180,000. Engineers Gate Manager LP acquired a new stake in shares of CAE during the 1st quarter worth $205,000. BNP Paribas Arbitrage SNC increased its holdings in shares of CAE by 141.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 8,510 shares of the aerospace company’s stock worth $130,000 after buying an additional 4,986 shares during the last quarter. Finally, Harvest Portfolios Group Inc. acquired a new stake in shares of CAE during the 1st quarter worth $194,000. 62.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAE has been the subject of several research reports. Desjardins lifted their price objective on CAE from C$35.00 to C$36.00 in a research report on Wednesday, February 15th. StockNews.com assumed coverage on CAE in a research report on Thursday, May 18th. They set a “buy” rating for the company. BMO Capital Markets boosted their price target on CAE from C$33.00 to C$35.00 in a report on Wednesday, February 15th. The Goldman Sachs Group boosted their price target on CAE from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Finally, Scotiabank boosted their price target on CAE from C$35.00 to C$37.00 in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

CAE Company Profile

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CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.