CAE Inc (NYSE:CAE) Receives $34.33 Consensus Price Target from Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.3333.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday, November 24th. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada dropped their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th.

CAE Trading Up 3.9%

Shares of CAE stock opened at $27.49 on Thursday. The company has a market capitalization of $8.84 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. CAE has a 52-week low of $20.36 and a 52-week high of $30.13. The business’s fifty day moving average is $27.65 and its 200 day moving average is $27.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $897.99 million for the quarter, compared to analyst estimates of $1.13 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, equities research analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Institutional Trading of CAE

A number of hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP boosted its stake in CAE by 4.4% in the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after buying an additional 628,848 shares in the last quarter. Browning West LP lifted its holdings in shares of CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CAE by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after purchasing an additional 518,030 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of CAE by 0.6% during the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after purchasing an additional 45,754 shares during the last quarter. Finally, National Bank of Canada FI raised its position in CAE by 15.6% in the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after purchasing an additional 822,037 shares during the period. 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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.