CAE Inc. (NYSE:CAE) Receives $32.00 Average Target Price from Analysts

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have earned a consensus rating of "Hold" from the eleven brokerages that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.00.

A number of brokerages recently weighed in on CAE. Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th.

CAE Price Performance

CAE stock traded up $0.81 during midday trading on Friday, reaching $25.35. The company's stock had a trading volume of 340,068 shares, compared to its average volume of 554,241. The stock has a market cap of $8.12 billion, a PE ratio of -48.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The business has a 50-day moving average price of $24.41 and a 200-day moving average price of $22.12.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, sell-side analysts predict that CAE will post 0.83 EPS for the current year.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently made changes to their positions in CAE. Asset Planning Inc acquired a new position in CAE in the fourth quarter valued at approximately $30,000. Natixis bought a new stake in shares of CAE in the 4th quarter valued at $38,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE during the 4th quarter valued at $147,000. Allworth Financial LP lifted its position in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the period. Finally, Centiva Capital LP bought a new position in CAE during the third quarter worth $197,000. Institutional investors own 67.36% of the company's stock.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.