CAE Inc (NYSE:CAE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.3333.

A number of research analysts have issued reports on the stock. Canaccord Genuity Group initiated coverage on shares of CAE in a research report on Friday, March 13th. They set a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Weiss Ratings lowered CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus initiated coverage on CAE in a research report on Wednesday, March 4th. They set a “buy” rating for the company.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently bought and sold shares of CAE. Transamerica Financial Advisors LLC increased its holdings in CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after buying an additional 799 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of CAE during the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC bought a new stake in shares of CAE during the 3rd quarter worth approximately $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of CAE during the 4th quarter worth approximately $47,000. Finally, Purpose Unlimited Inc. acquired a new stake in shares of CAE during the 4th quarter worth approximately $74,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Up 2.1%

Shares of CAE stock opened at $26.03 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The firm has a 50-day moving average of $29.71 and a 200-day moving average of $29.10. CAE has a 52-week low of $20.36 and a 52-week high of $34.24. The stock has a market cap of $8.38 billion, a PE ratio of 31.36, a PEG ratio of 3.01 and a beta of 1.11.

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 analysts’ consensus estimates of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The business had revenue of $911.78 million for the quarter, compared to analyst estimates of $922.62 million. During the same period last year, the firm earned $0.29 earnings per share. CAE’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that CAE will post 0.83 EPS 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.