Cidel Asset Management Inc. purchased a new stake in shares of CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) during the second quarter, HoldingsChannel reports. The fund purchased 269,136 shares of the aerospace company’s stock, valued at approximately $6,736,000.
Several other institutional investors have also bought and sold shares of CAE. Integrated Wealth Concepts LLC purchased a new position in shares of CAE in the 2nd quarter worth $36,000. Tacita Capital Inc purchased a new stake in shares of CAE during the 2nd quarter valued at about $37,000. Transamerica Financial Advisors LLC raised its position in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of CAE in the 4th quarter valued at about $41,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of CAE in the 3rd quarter valued at about $42,000. Institutional investors own 67.36% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on CAE shares. Royal Bank Of Canada reduced their price objective on CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.00.
CAE Stock Performance
CAE stock opened at $24.28 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The firm has a market capitalization of $7.78 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24. The company’s 50-day moving average is $25.48 and its 200 day moving average is $26.19.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last announced its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Research analysts forecast that CAE Inc will post 0.87 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than CAE
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAE Inc (NYSE:CAE – Free Report) (TSE:CAE).
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.
