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

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.6667.

Several research firms recently issued reports on CAE. The Goldman Sachs Group began coverage on shares of CAE in a research note on Monday, June 30th. They issued a “buy” rating and a $33.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of CAE in a research report on Wednesday. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Cibc World Mkts raised shares of CAE from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. Ritholtz Wealth Management acquired a new position in CAE during the 1st quarter worth $1,483,000. Louisbourg Investments Inc. acquired a new position in shares of CAE during the first quarter valued at about $2,769,000. Clarius Group LLC acquired a new position in shares of CAE during the first quarter valued at about $246,000. Intact Investment Management Inc. lifted its stake in shares of CAE by 51.3% in the first quarter. Intact Investment Management Inc. now owns 820,290 shares of the aerospace company’s stock valued at $20,170,000 after buying an additional 278,210 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in CAE by 132.4% during the first quarter. Sequoia Financial Advisors LLC now owns 49,556 shares of the aerospace company’s stock valued at $1,219,000 after acquiring an additional 28,237 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Down 2.3%

CAE stock opened at $27.24 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. CAE has a 1 year low of $17.58 and a 1 year high of $30.13. The company has a fifty day simple moving average of $27.73 and a 200 day simple moving average of $26.67. The firm has a market cap of $8.74 billion, a PE ratio of 29.61, a PEG ratio of 2.47 and a beta of 1.36.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (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 in the previous year, the business earned $0.21 EPS. Sell-side analysts anticipate that CAE will post 0.83 EPS for the current fiscal 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.