CAE Inc (CAE) Raised to Outperform at BMO Capital Markets
CAE Inc (NYSE:CAE) (TSE:CAE) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $23.00 target price on the aerospace company’s stock. BMO Capital Markets’ target price suggests a potential upside of 44.11% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of CAE from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, August 1st. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. CAE currently has an average rating of “Hold” and a consensus price target of $20.67.
Shares of CAE (CAE) opened at 15.96 on Wednesday. CAE has a 12-month low of $13.57 and a 12-month high of $17.88. The stock’s 50 day moving average is $16.98 and its 200-day moving average is $15.97. The company has a market capitalization of $4.29 billion, a P/E ratio of 22.07 and a beta of 0.86.
CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. CAE had a return on equity of 13.24% and a net margin of 8.96%. The business had revenue of $699 million for the quarter, compared to analysts’ expectations of $699.76 million. During the same period in the previous year, the company earned $0.26 EPS. CAE’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that CAE will post $0.86 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Renaissance Technologies LLC boosted its position in CAE by 47.8% in the first quarter. Renaissance Technologies LLC now owns 1,777,500 shares of the aerospace company’s stock worth $27,180,000 after buying an additional 574,900 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in CAE by 42.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 42,135 shares of the aerospace company’s stock worth $642,000 after buying an additional 12,559 shares during the last quarter. USS Investment Management Ltd boosted its position in CAE by 0.7% in the first quarter. USS Investment Management Ltd now owns 4,162,928 shares of the aerospace company’s stock worth $63,670,000 after buying an additional 28,800 shares during the last quarter. UBS Group AG boosted its position in CAE by 80.7% in the first quarter. UBS Group AG now owns 394,973 shares of the aerospace company’s stock worth $6,040,000 after buying an additional 176,448 shares during the last quarter. Finally, Morgan Stanley boosted its position in CAE by 12.0% in the first quarter. Morgan Stanley now owns 3,415,109 shares of the aerospace company’s stock worth $52,217,000 after buying an additional 366,337 shares during the last quarter. 53.31% of the stock is currently owned by institutional investors.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
Receive News & Ratings for CAE Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.