CAE Inc (NYSE:CAE) Receives $34.33 Consensus Price Target from Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.3333.

CAE has been the subject of several recent analyst reports. Weiss Ratings raised CAE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada cut their price target 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. Scotiabank reissued an “outperform” rating on shares of CAE in a report on Wednesday, January 21st. TD Securities reaffirmed a “buy” rating on shares of CAE in a report on Monday, January 12th. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of CAE in the 1st quarter worth approximately $4,170,000. Goldman Sachs Group Inc. raised its position in CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the period. United Services Automobile Association lifted its stake in CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 462 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in CAE by 11.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,756 shares of the aerospace company’s stock valued at $637,000 after buying an additional 2,216 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new position in shares of CAE during the second quarter valued at about $16,394,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Down 0.8%

CAE stock opened at $31.31 on Tuesday. The firm has a 50 day simple moving average of $31.37 and a 200 day simple moving average of $28.88. The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. CAE has a 1-year low of $20.36 and a 1-year high of $34.24. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 2.38 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $897.99 million for the quarter, compared to the consensus estimate of $1.13 billion. CAE had a return on equity of 7.60% and a net margin of 8.98%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, analysts predict 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.