CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $38.13.
A number of equities analysts recently commented on the stock. TD Securities raised their price objective on shares of CAE from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Tuesday, March 2nd. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, March 9th. Canaccord Genuity lifted their target price on shares of CAE from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, March 2nd. The Goldman Sachs Group assumed coverage on shares of CAE in a research note on Sunday, December 13th. They set a “buy” rating and a $32.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of CAE from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, March 2nd.
CAE stock traded down $1.11 during midday trading on Wednesday, reaching $30.08. The stock had a trading volume of 16,982 shares, compared to its average volume of 463,109. The firm’s fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $23.74. CAE has a twelve month low of $12.95 and a twelve month high of $31.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.12 and a quick ratio of 0.74. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 168.23, a PEG ratio of 10.14 and a beta of 1.73.
CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 11th. The aerospace company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. CAE had a net margin of 2.07% and a return on equity of 9.35%. The firm had revenue of $832.40 million during the quarter, compared to analyst estimates of $822.43 million. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue was down 9.9% on a year-over-year basis. As a group, sell-side analysts predict that CAE will post 0.32 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its holdings in CAE by 114.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,404,237 shares of the aerospace company’s stock worth $260,351,000 after acquiring an additional 5,025,126 shares during the period. Fiera Capital Corp raised its holdings in CAE by 5.4% in the 4th quarter. Fiera Capital Corp now owns 3,968,739 shares of the aerospace company’s stock worth $109,631,000 after acquiring an additional 201,887 shares during the period. Artisan Partners Limited Partnership raised its holdings in CAE by 19.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 3,644,140 shares of the aerospace company’s stock worth $100,973,000 after acquiring an additional 601,165 shares during the period. FIL Ltd raised its holdings in CAE by 86,641.4% in the 4th quarter. FIL Ltd now owns 3,035,948 shares of the aerospace company’s stock worth $84,121,000 after acquiring an additional 3,032,448 shares during the period. Finally, Norges Bank bought a new position in CAE in the 4th quarter worth $79,964,000. Institutional investors and hedge funds own 52.25% of the company’s stock.
CAE Company Profile
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.