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

CAE Inc (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.6667.

Several brokerages recently weighed in on CAE. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Scotiabank reissued an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Jefferies Financial Group reissued a “hold” rating and set a $30.00 target price on shares of CAE in a research report on Monday, July 21st. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of CAE in a research report on Monday, July 7th.

CAE Price Performance

Shares of NYSE CAE opened at $28.11 on Friday. CAE has a fifty-two week low of $17.58 and a fifty-two week high of $30.13. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. The firm’s 50-day simple moving average is $27.71 and its 200 day simple moving average is $27.23.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $0.21 EPS. As a group, research analysts anticipate that CAE will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CAE

Several hedge funds have recently modified their holdings of the company. Browning West LP raised its holdings in shares of CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after purchasing an additional 7,800,012 shares during the period. Norges Bank bought a new stake in shares of CAE in the 2nd quarter worth approximately $118,239,000. Select Equity Group L.P. raised its holdings in shares of CAE by 16.7% in the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after purchasing an additional 1,122,470 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CAE by 356.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock worth $33,267,000 after purchasing an additional 886,951 shares during the period. 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, 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.