CAE Inc. (NYSE:CAE) Receives $25.00 Average Price Target from Brokerages

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have earned a consensus rating of "Hold" from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.00.

CAE has been the topic of several research reports. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Thursday. Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada upgraded CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th.

CAE Price Performance

CAE stock traded down $0.24 during midday trading on Friday, reaching $21.75. 758,110 shares of the stock were exchanged, compared to its average volume of 554,870. The company's fifty day moving average is $18.61 and its 200-day moving average is $18.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 0.84. CAE has a 52 week low of $15.95 and a 52 week high of $22.11. The firm has a market cap of $6.93 billion, a PE ratio of -28.25, a PEG ratio of 1.61 and a beta of 1.67.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned $0.18 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that CAE will post 0.85 EPS for the current year.

Institutional Investors Weigh In On CAE

Several institutional investors have recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new stake in CAE during the 2nd quarter valued at $33,000. Cromwell Holdings LLC grew its stake in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 1,100 shares during the period. Lazard Asset Management LLC bought a new position in CAE during the 1st quarter valued at approximately $77,000. Finally, Venturi Wealth Management LLC purchased a new stake in CAE in the 3rd quarter worth approximately $74,000. 67.36% of the stock is currently owned by hedge funds and other 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, 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.