CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) – Analysts at Desjardins increased their FY2024 earnings estimates for CAE in a report issued on Wednesday, November 15th. Desjardins analyst B. Poirier now expects that the aerospace company will post earnings of $0.88 per share for the year, up from their previous forecast of $0.87. The consensus estimate for CAE’s current full-year earnings is $0.86 per share. Desjardins also issued estimates for CAE’s FY2026 earnings at $1.23 EPS.
Other equities research analysts have also recently issued research reports about the company. Bank of America raised their target price on CAE from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. TD Securities lifted their price objective on shares of CAE from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Royal Bank of Canada decreased their price target on shares of CAE from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Finally, The Goldman Sachs Group increased their price objective on shares of CAE from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.43.
CAE Stock Performance
Shares of CAE stock opened at $21.01 on Monday. The company has a market cap of $6.69 billion, a P/E ratio of 30.45, a PEG ratio of 1.65 and a beta of 1.68. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $22.40 and a two-hundred day moving average price of $22.34. CAE has a 1-year low of $18.74 and a 1-year high of $25.04.
Institutional Trading of CAE
Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp grew its holdings in CAE by 29.9% during the second quarter. Mackenzie Financial Corp now owns 31,960,441 shares of the aerospace company’s stock worth $715,244,000 after buying an additional 7,363,625 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of CAE in the 2nd quarter worth $128,206,000. Norges Bank purchased a new stake in shares of CAE in the fourth quarter valued at about $60,416,000. Wasatch Advisors Inc. bought a new position in shares of CAE during the first quarter valued at about $58,679,000. Finally, Clearbridge Investments LLC boosted its holdings in CAE by 62.5% during the second quarter. Clearbridge Investments LLC now owns 4,178,997 shares of the aerospace company’s stock worth $93,526,000 after purchasing an additional 1,607,888 shares during the last quarter. 64.34% of the stock is owned by hedge funds and other institutional investors.
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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.
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