CAE (NYSE:CAE) Shares Gap Up – Here’s What Happened

CAE Inc (NYSE:CAE) (TSE:CAE) shares gapped up prior to trading on Monday . The stock had previously closed at $26.18, but opened at $27.18. CAE shares last traded at $27.1390, with a volume of 136,979 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reduced their price target on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday. Finally, Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CAE presently has an average rating of “Hold” and an average price target of $31.00.

CAE Stock Up 3.4%

The business has a 50 day simple moving average of $25.61 and a 200 day simple moving average of $26.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The stock has a market cap of $8.70 billion, a PE ratio of 38.09, a P/E/G ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, equities research analysts forecast that CAE Inc will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. K.J. Harrison & Partners Inc acquired a new position in CAE during the 4th quarter worth $1,222,000. Polar Asset Management Partners Inc. acquired a new stake in shares of CAE in the first quarter valued at about $3,253,000. Vanguard Group Inc. grew its position in shares of CAE by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after purchasing an additional 229,270 shares during the last quarter. Bank of America Corp DE increased its stake in shares of CAE by 22.0% in the first quarter. Bank of America Corp DE now owns 1,701,002 shares of the aerospace company’s stock worth $44,311,000 after purchasing an additional 307,265 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in shares of CAE by 61.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 192,636 shares of the aerospace company’s stock worth $5,849,000 after purchasing an additional 73,118 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.