Brokerages Set CAE Inc. (NYSE:CAE) Target Price at $28.00

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE has been assigned a consensus rating of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.

CAE has been the topic of a number of research reports. StockNews.com lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Friday, October 4th. Morgan Stanley downgraded shares of CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th.

CAE Stock Down 1.3 %

CAE stock traded down $0.25 during trading hours on Wednesday, reaching $18.35. 309,377 shares of the stock were exchanged, compared to its average volume of 594,075. The company has a market cap of $5.85 billion, a price-to-earnings ratio of -25.48, a PEG ratio of 1.33 and a beta of 1.67. The firm's 50-day moving average is $18.13 and its 200-day moving average is $18.59. CAE has a 12 month low of $15.95 and a 12 month high of $23.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61.

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, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. CAE's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. On average, equities research analysts expect that CAE will post 0.86 earnings per share for the current year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently bought and sold shares of CAE. Ridgewood Investments LLC acquired a new position in shares of CAE during the 2nd quarter worth approximately $33,000. Cromwell Holdings LLC raised its position 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 valued at $34,000 after purchasing an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock worth $48,000 after buying an additional 1,100 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of CAE during the 1st quarter worth about $77,000. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of CAE by 104.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company's stock worth $93,000 after buying an additional 2,300 shares during the period. Institutional investors 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.