CAE Inc (NYSE:CAE) Stock Has Consensus Price Target of $33.33

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.33.

Several research firms have recently weighed in on CAE. Barclays began coverage on shares of CAE in a report on Friday, October 9th. They set an “overweight” rating and a $38.00 target price for the company. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group cut their price objective on shares of CAE from $28.00 to $26.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Finally, Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd.

Hedge Funds Weigh In On CAE

Several institutional investors and hedge funds have recently modified their holdings of the business. Caisse de depot et placement du Quebec purchased a new position in CAE during the second quarter valued at $773,834,000. Jupiter Topco LLC purchased a new stake in shares of CAE during the second quarter worth about $162,919,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CAE during the second quarter worth about $65,215,000. The Manufacturers Life Insurance Company acquired a new position in shares of CAE during the 2nd quarter worth about $52,968,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of CAE during the 2nd quarter worth about $49,345,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.7%

CAE stock opened at $24.34 on Friday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. CAE has a 52 week low of $22.76 and a 52 week high of $34.24. The business’s 50-day moving average price is $24.45 and its 200 day moving average price is $25.32. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. CAE had a return on equity of 7.45% and a net margin of 6.36%. The company had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. During the same period in the previous year, the company posted $0.21 earnings per share. CAE’s revenue for the quarter was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, sell-side analysts anticipate that CAE will post 0.87 earnings per share for the current year.

CAE Company Profile

CAE Inc is a Canadian technology company that develops simulation, training and operational-support solutions for the civil aviation, defense and security markets. Its products and services are designed to help organizations train personnel, evaluate mission readiness and improve safety and operational performance.

In civil aviation, CAE provides full-flight simulators, pilot and maintenance training, aviation training services and digital tools for airlines, business aviation operators and aircraft manufacturers.