Analysts Set CAE Inc. (NYSE:CAE) PT at $28.00

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $28.00.

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th.

CAE Price Performance

CAE stock opened at $18.57 on Wednesday. The firm has a market cap of $5.93 billion, a P/E ratio of -25.79, a P/E/G ratio of 1.33 and a beta of 1.67. The firm’s fifty day moving average is $18.16 and its 200 day moving average is $18.56. CAE has a 52 week low of $15.95 and a 52 week high of $23.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. Research analysts predict that CAE will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ridgewood Investments LLC bought a new position in CAE in the second quarter worth about $33,000. Cromwell Holdings LLC lifted its stake in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the period. Lazard Asset Management LLC bought a new stake in shares of CAE during the first quarter valued at approximately $77,000. Finally, UniSuper Management Pty Ltd grew its stake in CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

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.