CAE (NYSE:CAE) Stock Rated Overweight in New Coverage at Barclays

Barclays began coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report report published on Friday, MarketBeat.com reports. The firm issued an overweight rating and a $38.00 target price on the aerospace company’s stock.

Several other research analysts also recently weighed in on CAE. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research note on Thursday, August 13th. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.33.

CAE Stock Performance

NYSE CAE opened at $23.74 on Friday. CAE has a fifty-two week low of $22.76 and a fifty-two week high of $34.24. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The business has a fifty day moving average of $24.86 and a 200-day moving average of $25.43. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, analysts predict that CAE will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its position in CAE by 0.8% during the first quarter. Sequoia Financial Advisors LLC now owns 50,271 shares of the aerospace company’s stock worth $1,310,000 after purchasing an additional 399 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of CAE by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,997 shares of the aerospace company’s stock valued at $260,000 after buying an additional 570 shares during the period. Parallel Advisors LLC grew its stake in shares of CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after buying an additional 797 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of CAE by 218.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after buying an additional 984 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of CAE by 1.8% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 63,822 shares of the aerospace company’s stock worth $1,656,000 after buying an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a Canadian technology and training company headquartered in Montreal, Quebec. Founded in 1947, the company develops simulation, training and operational-support solutions for aviation, defense and other safety-critical industries.

In civil aviation, CAE provides flight simulators, pilot and crew training, aviation software and related services to airlines, business aviation operators, aircraft manufacturers and other aviation organizations. Its offerings are designed to support pilot training, aircraft qualification, operational readiness and workforce development.

CAE also provides simulation-based training and mission-support solutions for defense and security customers, including military organizations and government agencies.