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”.
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.
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.
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.