CAE Inc (NYSE:CAE) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

Several equities research analysts have recently issued reports on CAE shares. Stifel Nicolaus began coverage on CAE in a research note on Wednesday. They issued a “buy” rating for the company. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Scotiabank restated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Royal Bank Of Canada lowered their price target on 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, Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th.

CAE Stock Performance

CAE stock opened at $29.64 on Friday. The company’s 50-day moving average price is $31.47 and its 200-day moving average price is $29.03. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The company has a market cap of $9.54 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 3.55 and a beta of 1.11. CAE has a twelve month low of $20.36 and a twelve month high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The company had revenue of $911.78 million during the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that CAE will post 0.83 EPS for the current fiscal year.

Institutional Trading of CAE

Several institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP grew its stake in shares of CAE by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company’s stock valued at $461,107,000 after buying an additional 168,074 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock valued at $406,923,000 after acquiring an additional 229,270 shares during the period. FIL Ltd boosted its holdings in CAE by 21.9% during the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock valued at $316,955,000 after acquiring an additional 1,874,739 shares during the period. Select Equity Group L.P. grew its position in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after acquiring an additional 45,754 shares during the last quarter. Finally, Snyder Capital Management L P increased its stake in CAE by 0.6% in the fourth quarter. Snyder Capital Management L P now owns 5,441,338 shares of the aerospace company’s stock worth $165,526,000 after purchasing an additional 30,235 shares during the period. Institutional investors own 67.36% of the company’s stock.

About CAE

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.