CAE Inc (NYSE:CAE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.3333.

CAE has been the topic of several recent research reports. Zacks Research lowered shares of CAE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research note on Monday. Finally, Royal Bank Of Canada lowered their target price on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in CAE by 4.4% during the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares during the last quarter. Browning West LP grew its holdings in CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CAE by 4.1% in the third quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after acquiring an additional 518,030 shares during the period. Select Equity Group L.P. raised its stake in shares of CAE by 0.6% during the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after acquiring an additional 45,754 shares during the last quarter. Finally, Snyder Capital Management L P boosted its holdings in shares of CAE by 12.4% during the third quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock worth $160,385,000 after purchasing an additional 598,086 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 0.1%

Shares of CAE stock opened at $31.41 on Monday. The business has a 50-day moving average price of $27.93 and a two-hundred day moving average price of $27.95. CAE has a 12-month low of $20.36 and a 12-month high of $31.68. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market cap of $10.10 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.19.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $897.99 million for the quarter, compared to analysts’ expectations of $1.13 billion. CAE had a net margin of 8.98% and a return on equity of 7.60%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. Equities analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

About CAE

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.