CAE (NYSE:CAE) Given New $36.00 Price Target at Royal Bank Of Canada

CAE (NYSE:CAE) (TSE:CAE) had its target price lowered by investment analysts at Royal Bank Of Canada from $42.00 to $36.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 49.38% from the stock’s previous close.

Several other research firms also recently commented on CAE. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a research report on Friday, May 15th. Stifel Nicolaus initiated coverage on shares of CAE in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CAE Stock Up 4.1%

Shares of NYSE CAE traded up $0.94 during mid-day trading on Tuesday, reaching $24.10. The company had a trading volume of 623,723 shares, compared to its average volume of 813,898. CAE has a twelve month low of $22.76 and a twelve month high of $34.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $7.75 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. The stock’s 50 day moving average is $26.40 and its 200-day moving average is $28.63.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. CAE had a net margin of 6.36% and a return on equity of 7.55%. The business had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. During the same period in the prior year, the business posted $0.47 earnings per share. CAE’s revenue for the quarter was up 4.0% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities analysts anticipate that CAE will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brandes Investment Partners LP grew its position in shares of CAE by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock valued at $461,107,000 after purchasing an additional 168,074 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CAE by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after purchasing an additional 229,270 shares during the last quarter. FIL Ltd grew its position in shares of CAE by 21.9% in the fourth quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock valued at $316,955,000 after purchasing an additional 1,874,739 shares during the last quarter. Select Equity Group L.P. grew its position in 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 worth $231,350,000 after buying an additional 45,754 shares in the last quarter. Finally, Snyder Capital Management L P grew its position in CAE by 0.6% during the fourth quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock worth $165,526,000 after buying an additional 30,235 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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.