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

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.3333.

CAE has been the topic of several research analyst reports. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. TD Securities reiterated a “buy” rating on shares of CAE in a research note on Monday, January 12th. Weiss Ratings upgraded shares of CAE from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada reduced their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Finally, Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in shares of CAE in the 3rd quarter worth about $42,000. Employees Retirement System of Texas acquired a new position in CAE during the second quarter worth about $80,000. Bessemer Group Inc. lifted its holdings in shares of CAE by 360.9% in the second 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 in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of CAE in the fourth quarter valued at approximately $225,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of CAE in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Up 2.6%

Shares of CAE stock opened at $32.08 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The company has a market capitalization of $10.32 billion, a P/E ratio of 33.07, a PEG ratio of 2.36 and a beta of 1.11. CAE has a 1 year low of $20.36 and a 1 year high of $34.24. The company’s fifty day moving average is $31.09 and its two-hundred day moving average is $28.82.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The company had revenue of $897.99 million during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Analysts forecast that CAE will post 0.83 earnings per share for the current year.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.