Analysts Set CAE Inc. (NYSE:CAE) PT at $32.00

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE has received a consensus recommendation of "Hold" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

CAE has been the topic of several research reports. Royal Bank of Canada raised their price objective on CAE from $38.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

Remove Ads

CAE Stock Performance

NYSE CAE traded up $0.03 during trading hours on Tuesday, hitting $24.30. 697,592 shares of the stock were exchanged, compared to its average volume of 557,143. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -46.73, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The stock has a 50-day moving average of $24.42 and a 200 day moving average of $21.26. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, equities research analysts forecast that CAE will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On CAE

Large investors have recently made changes to their positions in the business. Asset Planning Inc bought a new stake in CAE during the fourth quarter worth approximately $30,000. Natixis acquired a new position in shares of CAE in the 4th quarter worth $38,000. Venturi Wealth Management LLC acquired a new stake in shares of CAE during the third quarter worth $74,000. UniSuper Management Pty Ltd purchased a new stake in shares of CAE during the fourth quarter valued at $147,000. Finally, Allworth Financial LP boosted its position in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock valued at $120,000 after purchasing an additional 1,327 shares during the period. 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.