CAE Inc. (NYSE:CAE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $32.00.

CAE has been the topic of several research reports. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Royal Bank of Canada restated an “outperform” rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Finally, Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th.

CAE Stock Up 4.6%

Shares of CAE stock opened at $25.69 on Friday. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $24.20 and its 200 day moving average is $23.65. The company has a market cap of $8.23 billion, a price-to-earnings ratio of -49.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The firm had revenue of $886.20 million for the quarter, compared to analysts’ expectations of $1.30 billion. Research analysts anticipate that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CAE. Asset Planning Inc bought a new position in shares of CAE in the fourth quarter worth about $30,000. Natixis bought a new position in CAE in the 4th quarter worth approximately $38,000. Versant Capital Management Inc bought a new position in CAE in the 1st quarter worth approximately $53,000. UniSuper Management Pty Ltd purchased a new stake in CAE during the 4th quarter valued at approximately $147,000. Finally, Allworth Financial LP raised its position in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after buying an additional 913 shares during the last quarter. 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.