CAE Inc. (NYSE:CAE) Receives $32.00 Consensus PT from Brokerages

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of brokerages have issued reports on CAE. The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th.

Institutional Investors Weigh In On CAE

Several hedge funds have recently added to or reduced their stakes in CAE. Caisse DE Depot ET Placement DU Quebec increased its stake in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock valued at $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of CAE by 7.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock valued at $606,697,000 after buying an additional 1,702,904 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of CAE by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock valued at $378,459,000 after acquiring an additional 221,205 shares in the last quarter. Vanguard Group Inc. raised its holdings in CAE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after acquiring an additional 181,807 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in CAE in the 4th quarter valued at approximately $201,771,000. 67.36% of the stock is owned by institutional investors.

CAE Trading Up 0.4 %

Shares of CAE stock opened at $23.43 on Wednesday. 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 stock has a fifty day simple moving average of $24.15 and a 200 day simple moving average of $22.81. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a market capitalization of $7.50 billion, a P/E ratio of -45.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, sell-side analysts anticipate that CAE will post 0.83 earnings per share for the current fiscal year.

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, 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.