CAE Inc (NYSE:CAE) Receives $33.67 Consensus Price Target from Analysts

CAE Inc (NYSE:CAE) (TSE:CAE) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.6667.

Several equities analysts have commented on CAE shares. Jefferies Financial Group restated a “hold” rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CAE in a research note on Wednesday, October 8th.

CAE Price Performance

CAE opened at $27.10 on Friday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.49 and a beta of 1.42. CAE has a 12-month low of $18.67 and a 12-month high of $30.13. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average price is $27.74 and its 200 day moving average price is $27.31.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $0.21 earnings per share. As a group, sell-side analysts expect that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several institutional investors have recently modified their holdings of CAE. Sequoia Financial Advisors LLC increased its holdings in CAE by 0.8% in the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock valued at $1,484,000 after buying an additional 394 shares during the last quarter. United Services Automobile Association boosted its position 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 in the last quarter. Russell Investments Group Ltd. increased its holdings 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 acquiring an additional 522 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in CAE by 2.0% during the second quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock worth $908,000 after purchasing an additional 600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in CAE by 3.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company’s stock valued at $555,000 after purchasing an additional 619 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.