Brokerages Set CAE Inc (NYSE:CAE) PT at $34.33

CAE Inc (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $34.3333.

CAE has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a report on Monday. Zacks Research downgraded CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada reduced their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th.

CAE Stock Performance

Shares of CAE stock opened at $31.46 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. The company has a market cap of $10.11 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The company has a 50 day moving average of $27.77 and a 200-day moving average of $27.89. CAE has a 1-year low of $20.36 and a 1-year high of $31.68.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The business had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP boosted its holdings in shares of CAE by 4.4% during the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after acquiring an additional 628,848 shares in the last quarter. Browning West LP raised its position in CAE by 131.4% in the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after purchasing an additional 7,800,012 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CAE by 4.1% during the third 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 second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock worth $231,350,000 after purchasing an additional 45,754 shares during the last quarter. Finally, Snyder Capital Management L P grew its holdings in shares of CAE by 12.4% during the third quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after purchasing an additional 598,086 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.