CAE (NYSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (NYSE:CAE - Get Free Report) TSE: CAE had its price objective hoisted by research analysts at Royal Bank of Canada from $38.00 to $43.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the aerospace company's stock. Royal Bank of Canada's target price indicates a potential upside of 75.12% from the company's previous close.

Several other research firms also recently commented on CAE. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. National Bank Financial cut shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, StockNews.com cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $32.00.

CAE Trading Down 3.7 %

Shares of CAE traded down $0.95 during trading hours on Tuesday, reaching $24.56. 723,216 shares of the company traded hands, compared to its average volume of 560,103. The stock's fifty day moving average price is $24.30 and its 200 day moving average price is $21.04. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -47.22, a PEG ratio of 1.97 and a beta of 1.72. CAE has a 12-month low of $15.95 and a 12-month high of $27.62.

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

Institutional Trading of CAE

A number of institutional investors have recently modified their holdings of the company. Vident Advisory LLC lifted its position in CAE by 34.4% during the fourth quarter. Vident Advisory LLC now owns 374,393 shares of the aerospace company's stock valued at $9,502,000 after acquiring an additional 95,905 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of CAE by 212.1% during the 4th quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company's stock valued at $4,467,000 after purchasing an additional 119,600 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of CAE by 255.7% in the 4th quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company's stock worth $13,328,000 after purchasing an additional 377,499 shares in the last quarter. Select Equity Group L.P. grew its stake 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 worth $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in CAE by 10.6% during the 4th quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock valued at $1,299,000 after buying an additional 4,900 shares in the last quarter. 67.36% of the stock is currently owned by 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.