CAE Inc (NYSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $33.6667.

CAE has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of CAE in a research note on Monday, June 30th. They set a “buy” rating and a $33.00 price objective for the company. TD Securities upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Scotiabank restated an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Finally, Cibc World Mkts upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th.

CAE Price Performance

Shares of CAE stock opened at $28.48 on Wednesday. CAE has a 12-month low of $17.58 and a 12-month high of $30.13. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.56 and a beta of 1.36. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $27.77 and a 200-day moving average of $26.63.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The company had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted $0.21 EPS. On average, equities research analysts forecast that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently modified their holdings of the company. Employees Retirement System of Texas bought a new stake in shares of CAE in the 2nd quarter valued at about $80,000. Bessemer Group Inc. raised its holdings in shares of CAE by 360.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 3,447 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of CAE in the 2nd quarter valued at about $236,000. State of Wyoming raised its holdings in shares of CAE by 39.4% in the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 2,385 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of CAE by 11.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 851 shares during the period. 67.36% of the stock is owned by 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.