CAE Inc (NYSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

CAE Inc (NYSE:CAE) (TSE:CAE) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.3333.

Several brokerages have weighed in on CAE. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research report on Monday, December 29th. TD Securities reissued a “buy” rating on shares of CAE in a report on Monday, January 12th. Finally, Royal Bank Of Canada dropped their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th.

CAE Price Performance

CAE opened at $32.63 on Friday. CAE has a fifty-two week low of $20.36 and a fifty-two week high of $34.24. The firm has a 50-day moving average of $29.41 and a 200 day moving average of $28.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The firm has a market cap of $10.49 billion, a P/E ratio of 33.63, a PEG ratio of 2.58 and a beta of 1.15.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its stake in CAE by 0.8% in the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock worth $1,484,000 after buying an additional 394 shares in the last quarter. United Services Automobile Association grew its holdings in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 462 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of CAE by 0.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,684 shares of the aerospace company’s stock worth $1,768,000 after acquiring an additional 489 shares during the period. Creative Planning raised its position in shares of CAE by 3.2% in the 3rd quarter. Creative Planning now owns 16,423 shares of the aerospace company’s stock worth $487,000 after acquiring an additional 507 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of CAE by 0.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock valued at $3,770,000 after purchasing an additional 522 shares during the period. 67.36% of the stock is owned by institutional investors.

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.