CAE Inc (NYSE:CAE) Stock Has Consensus Target Price of $31.00

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $31.00.

Several equities research analysts recently weighed in on CAE shares. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd.

CAE Price Performance

Shares of NYSE CAE opened at $24.86 on Wednesday. CAE has a 1 year low of $22.76 and a 1 year high of $34.24. The stock has a market capitalization of $7.96 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.85 and a beta of 1.01. The company’s 50-day moving average is $25.17 and its 200 day moving average is $25.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. During the same period last year, the business posted $0.21 earnings per share. CAE’s quarterly revenue was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, sell-side analysts expect that CAE will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Caisse de depot et placement du Quebec bought a new position in shares of CAE during the second quarter valued at approximately $773,834,000. Brandes Investment Partners LP boosted its position in shares of CAE by 1.1% in the 4th quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock worth $461,107,000 after purchasing an additional 168,074 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of CAE in the 2nd quarter worth approximately $162,919,000. Norges Bank purchased a new stake in shares of CAE in the 4th quarter worth approximately $98,377,000. Finally, Geode Capital Management LLC grew its stake in shares of CAE by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,777,070 shares of the aerospace company’s stock worth $84,082,000 after buying an additional 168,276 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a Canadian technology company that develops simulation, training and mission-support solutions for the aviation and defense markets. Founded in 1947 and headquartered in Montréal, Québec, the company serves commercial airlines, business aviation operators, aircraft manufacturers, defense forces and government agencies worldwide.

In civil aviation, CAE provides flight simulators, pilot-training systems, aviation training services and digital tools designed to support pilot recruitment, instruction, certification and recurrent training.