CAE Inc. (NYSE:CAE) Receives $32.00 Consensus Target Price from Brokerages

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.00.

CAE has been the subject of a number of analyst reports. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th.

Hedge Funds Weigh In On CAE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clarius Group LLC bought a new position in CAE in the first quarter valued at about $246,000. Louisbourg Investments Inc. bought a new stake in CAE during the first quarter valued at approximately $2,769,000. Ritholtz Wealth Management purchased a new stake in CAE during the first quarter valued at approximately $1,483,000. NBC Securities Inc. boosted its stake in shares of CAE by 95,861.1% during the 1st quarter. NBC Securities Inc. now owns 17,273 shares of the aerospace company’s stock worth $424,000 after acquiring an additional 17,255 shares during the last quarter. Finally, Addenda Capital Inc. increased its stake in shares of CAE by 1.3% in the 1st quarter. Addenda Capital Inc. now owns 403,991 shares of the aerospace company’s stock worth $9,934,000 after purchasing an additional 5,188 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Performance

NYSE CAE opened at $23.43 on Wednesday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of -45.06, a PEG ratio of 1.94 and a beta of 1.39. The company has a 50-day simple moving average of $24.15 and a two-hundred day simple moving average of $22.86. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE has a 12-month low of $15.95 and a 12-month high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities analysts forecast that CAE will post 0.83 EPS for the current year.

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.