Analysts Set CAE Inc. (NYSE:CAE) Target Price at $34.75

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.75.

Several research firms have recently weighed in on CAE. The Goldman Sachs Group lifted their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Scotiabank cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th.

CAE Stock Up 1.4 %

CAE opened at $20.47 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.49 and a beta of 1.58. The company’s 50-day moving average price is $19.55 and its two-hundred day moving average price is $20.34. CAE has a twelve month low of $18.26 and a twelve month high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. As a group, equities analysts expect that CAE will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAE. SG Americas Securities LLC purchased a new stake in shares of CAE in the third quarter worth $349,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CAE by 2.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,638 shares of the aerospace company’s stock valued at $3,017,000 after acquiring an additional 3,200 shares in the last quarter. Steph & Co. boosted its position in shares of CAE by 42.8% during the 3rd quarter. Steph & Co. now owns 9,448 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 2,832 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of CAE by 90.5% during the third quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company’s stock worth $13,155,000 after purchasing an additional 266,927 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the last quarter. 67.36% of the stock is owned by 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.