CAE (NYSE:CAE) Price Target Increased to $29.00 by Analysts at The Goldman Sachs Group

CAE (NYSE:CAE) (TSE:CAE) had its price objective boosted by The Goldman Sachs Group from $25.00 to $29.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities research analysts also recently commented on CAE. StockNews.com raised shares of CAE from a hold rating to a buy rating in a research report on Tuesday, February 20th. Scotiabank cut shares of CAE from a sector outperform rating to a sector perform rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CAE has an average rating of Moderate Buy and a consensus target price of $34.75.

CAE Trading Down 1.1 %

NYSE:CAE opened at $18.92 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE has a 12 month low of $18.26 and a 12 month high of $25.04. The company has a market cap of $6.02 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The company has a 50 day simple moving average of $19.73 and a two-hundred day simple moving average of $20.63.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. Research analysts forecast that CAE will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its holdings in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in CAE in the 3rd quarter worth $29,000. Hillsdale Investment Management Inc. boosted its holdings in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after buying an additional 500 shares during the period. Allworth Financial LP boosted its holdings in CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after buying an additional 1,343 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after buying an additional 935 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.