Brokerages Set CAE Inc (NYSE:CAE) Price Target at $34.33

CAE Inc (NYSE:CAE) (TSE:CAE) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.3333.

Several research analysts have weighed in on CAE shares. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. TD Securities reissued a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reduced their target price on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th.

Institutional Investors Weigh In On CAE

A number of hedge funds have recently added to or reduced their stakes in CAE. Vident Advisory LLC increased its position in CAE by 6.3% during the 4th quarter. Vident Advisory LLC now owns 33,283 shares of the aerospace company’s stock worth $1,013,000 after purchasing an additional 1,960 shares during the period. Wellington Management Group LLP lifted its holdings in shares of CAE by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 67,892 shares of the aerospace company’s stock valued at $2,067,000 after buying an additional 3,242 shares during the period. Investment Management Corp of Ontario boosted its stake in shares of CAE by 230.3% in the fourth quarter. Investment Management Corp of Ontario now owns 39,419 shares of the aerospace company’s stock valued at $1,199,000 after buying an additional 27,483 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of CAE by 5.1% in the fourth quarter. Janus Henderson Group PLC now owns 49,104 shares of the aerospace company’s stock valued at $1,501,000 after buying an additional 2,400 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in CAE during the fourth quarter worth $429,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Down 0.2%

Shares of CAE stock opened at $28.44 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The company has a market capitalization of $9.15 billion, a P/E ratio of 34.26, a PEG ratio of 3.36 and a beta of 1.11. CAE has a 1 year low of $20.36 and a 1 year high of $34.24. The company’s fifty day moving average is $31.34 and its two-hundred day moving average is $29.08.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million for the quarter, compared to analyst estimates of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Analysts forecast that CAE will post 0.83 earnings per share for the current year.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.