CAE (NYSE:CAE) Price Target Raised to $32.00 at The Goldman Sachs Group

CAE (NYSE:CAE - Get Free Report) TSE: CAE had its price objective boosted by research analysts at The Goldman Sachs Group from $28.00 to $32.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 30.32% from the company's current price.

A number of other research analysts have also issued reports on CAE. Desjardins raised CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. StockNews.com lowered CAE from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their target price on CAE from $38.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $32.00.

CAE Stock Performance

NYSE CAE traded down $0.95 on Tuesday, reaching $24.56. The stock had a trading volume of 654,767 shares, compared to its average volume of 558,090. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The business's 50-day moving average price is $24.27 and its 200 day moving average price is $20.98. The stock has a market cap of $7.85 billion, a P/E ratio of -47.22, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. Asset Planning Inc acquired a new stake in CAE in the fourth quarter valued at $30,000. Cromwell Holdings LLC grew its holdings in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Natixis acquired a new stake in CAE in the fourth quarter valued at $38,000. Venturi Wealth Management LLC acquired a new stake in CAE in the third quarter valued at $74,000. Finally, Allworth Financial LP grew its holdings in CAE by 26.1% in the third 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 last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

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.