The Goldman Sachs Group Raises CAE (NYSE:CAE) Price Target to $29.00

CAE (NYSE:CAE) (TSE:CAE) had its price objective boosted by The Goldman Sachs Group from $25.00 to $29.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other equities analysts also recently weighed in on the stock. StockNews.com raised shares of CAE from a hold rating to a buy rating in a research note on Tuesday, February 20th. Scotiabank downgraded shares of CAE from a sector outperform rating to a sector perform rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $34.75.

CAE Stock Performance

Shares of CAE opened at $18.56 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.41 and a beta of 1.59. The company’s 50 day simple moving average is $19.66 and its 200 day simple moving average is $20.60. CAE has a 1 year low of $18.26 and a 1 year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%. On average, sell-side analysts predict that CAE will post 0.87 EPS for the current year.

Institutional Investors Weigh In On CAE

Large investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its holdings in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in CAE during the 3rd quarter valued at $29,000. Hillsdale Investment Management Inc. grew its holdings in CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP grew its holdings in CAE by 678.3% during the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,343 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 935 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.