PAE Incorporated Initiated At an Outperform by Morgan Stanley

ORC Stock
ORC Stock

Morgan Stanley launched its PAE Incorporated [PAE] rating to the equivalent of an Overweight and ‎assigned the price target of $11, in a research note dated Dec 28, 2020. That figure represents around a ‎‎21.09% premium from where the company’s shares closed on Thursday. Some new analysts also ‎started their coverage, with Raymond James’s analysts assigning the shares to “an Outperform” rating ‎in a research note to investors issued in mid June. Meanwhile, Deutsche Bank had launched its ‎coverage on PAE with “Buy”, in a research note produced for clients May 15, 2020. In addition, there ‎was a new coverage from The Benchmark Company on May 05, 2020. The research firm rated PAE “a ‎Buy”.

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Is PAE Incorporated [NASDAQ:PAE] a Good Buy Right Now?

It should be noted that PAE ‎technical indicators for short, intermediate as well as long term progress have placed an overall ‎average of 8% as Sell. The average signal changed from 48% Buy in the last week and compares with ‎‎72% Buy in the past month. Data from PAE Incorporated’s Trend Spotter indicated that the signals ‎were Weakening. The stock current average is 0.29 million shares in the past 20 days and the short ‎term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.28 ‎million shares while the medium term average advocated for Hold. The average long-term signal ‎stands at 50% Sell and the 100-day average volume stands at 0.3 million shares.‎‎

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PAE Price Performance

On Wall Street, PAE Incorporated [NASDAQ:PAE] finished ‎Thursday’s session down -1.92% at $8.68. The stock went up to $8.95 at the same session while its ‎lowest single day price was $8.63. In the last five days, it saw a fall of about -6.26%, PAE Incorporated ‎shares dropped by almost -16.05% since the beginning of the year. However, the share price has ‎dropped to as low as -31.97% below its one year high. On 02/18/20, the company shares recorded ‎‎$12.76, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on ‎‎03/18/20, the same year at $3.10. The company’s shares have declined by -16.54% in the past year. The ‎‎50-day SMA achieved is $9.22 while the 200-day SMA is $8.81. Volume dropped to 0.1 million from 0.23 ‎million in the previous session.‎‎

PAE Incorporated [PAE] Valuation Measures

Notably, PAE Incorporated [PAE] stock cannot ‎be classified as a good candidate in the listing of underestimated low-priced Specialty Business ‎Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 52.29. The ‎measure means the stock is exchanging at a premium as compared to the 20.01x trailing earnings of ‎the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a ‎‎0.42 PS value ratio is reported for the last one year of reported earnings. That is lower than the ‎industry average of 1.02 which means PAE serve an unattractive investment opportunity compared to ‎its competitors.‎‎

PAE Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is ‎perceived around 8.56 level, and in case of violation of this particular level, it will cause more drop to ‎‎8.43 level. On the upper level, 9.07 is still the key resistance. The stock may increase to the subsequent ‎resistance at 8.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 36.07, implying a ‎neutral technical stance while the MACD stands at -0.46, meaning price will decrease in the next ‎trading period. Percent R indicator moved to 96.82%, implying bearish price movement. Stochastic %K ‎at 6.78% suggest selling the stock.‎‎

What is the short interest in PAE Incorporated?

Short interest in the PAE Incorporated stock ‎has surged, increasing by 10000.0 shares to total 2.14 million shares on Dec 14, 2020. The interest had ‎seen shares on Nov 12, 2020 stand at 2.15 million, data from Yahoo Finance shows. The decrease of -‎‎0.47% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) ‎moved to while the shorted shares account for just 9.63% of the overall float for the stock.‎‎

PAE Incorporated’s Biggest Shareholders: Who Owns PAE Incorporated [PAE]?

Filings by ‎Massachusetts Financial Services showed that the firm now holds a total of 8,112,100 shares or roughly ‎‎8.81% of the outstanding PAE shares. This means their shares have reduced by -946,069 from the ‎‎8,112,100 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Grosvenor ‎Capital Management LP updated stake is worth $74,984,870. Details in the latest 13F filings reveal that ‎Simcoe Capital Management LLC disposed off their -1.43% stake valued at $42,629,893 while BlackRock ‎Fund Advisors added theirs at $39,274,619. During the last quarter, Simcoe Capital Management LLC ‎liquidated -64,337 of its shares in PAE Incorporated while BlackRock Fund Advisors bought 726,642 ‎shares. The Cramer Rosenthal McGlynn LLC’s holdings currently number 3,732,188 shares at ‎‎$32395391.84. According to the firm’s last 13F report, The Vanguard Group, Inc. shares in the company ‎at filing stood at 3,070,330 shares, roughly $29,505,871.‎‎

PAE Earnings Forecast For The Current Quarter

PAE Incorporated [PAE] is expected to ‎report earnings results for the quarter ending on Dec 2020. Consensus estimates give the company ‎expected revenues of $715.52M and an earnings per share of $0.1 for Dec 2020. Looking further ‎ahead, the company is expected to report revenue of $723.14M at an EPS of $0.15 for Mar 2021. ‎‎

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PAE Earnings Estimates For The Current ‎Year

For the financial year, PAE Incorporated [NASDAQ:PAE] is expected to bring in revenue of ‎‎$2.64B. In terms of EPS for the 2020, estimate put it at 0.32. ‎


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