CAE Inc (NYSE:CAE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CAE Inc (NYSE:CAE) (TSE:CAE) has received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $34.3333.

A number of analysts recently issued reports on CAE shares. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. TD Securities reissued a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Canaccord Genuity Group started coverage on CAE in a research report on Friday, March 13th. They set a “buy” rating for the company. Finally, Scotiabank reissued an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th.

CAE Stock Down 1.0%

NYSE:CAE opened at $26.52 on Wednesday. CAE has a 1-year low of $20.75 and a 1-year high of $34.24. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.90 and a beta of 1.13. The business’s fifty day moving average price is $29.04 and its 200 day moving average price is $29.08.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. On average, sell-side analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of CAE

A number of institutional investors have recently bought and sold shares of CAE. Transamerica Financial Advisors LLC increased its position in CAE by 170.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock worth $39,000 after buying an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in CAE during the fourth quarter worth $41,000. CIBC Private Wealth Group LLC acquired a new position in CAE during the third quarter worth $42,000. Brown Brothers Harriman & Co. acquired a new position in CAE during the fourth quarter worth $47,000. Finally, Purpose Unlimited Inc. acquired a new position in CAE during the fourth quarter worth $74,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

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.