CAE Inc. (NYSE:CAE) Receives $32.00 Consensus PT from Brokerages

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

Several brokerages have recently weighed in on CAE. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. The Goldman Sachs Group lifted their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Finally, TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th.

CAE Stock Up 0.4 %

Shares of NYSE:CAE traded up $0.08 during midday trading on Wednesday, reaching $23.43. 254,387 shares of the company were exchanged, compared to its average volume of 571,218. The stock has a fifty day simple moving average of $24.15 and a two-hundred day simple moving average of $22.81. The firm has a market cap of $7.50 billion, a PE ratio of -45.06, a P/E/G ratio of 1.94 and a beta of 1.39. 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 has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share 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, sell-side analysts forecast that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

A number of large investors have recently bought and sold shares of CAE. Nomura Holdings Inc. purchased a new stake in CAE in the 4th quarter worth about $201,771,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after buying an additional 6,313,165 shares during the period. Browning West LP purchased a new position in CAE in the 4th quarter valued at approximately $150,629,000. Select Equity Group L.P. raised its holdings in CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after acquiring an additional 5,462,455 shares during the period. Finally, Norges Bank purchased a new stake in shares of CAE during the fourth quarter worth $98,436,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

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.