Jefferies Financial Group Lowers CAE (NYSE:CAE) Price Target to $27.00

CAE (NYSE:CAE) (TSE:CAE) had its price target cut by equities researchers at Jefferies Financial Group from $31.00 to $27.00 in a report issued on Friday, MarketBeat reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 0.43% from the stock’s previous close.

Several other research firms have also issued reports on CAE. TD Securities reaffirmed a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Stifel Nicolaus began coverage on shares of CAE in a report on Wednesday, March 4th. They issued a “buy” rating on the stock. Canaccord Genuity Group began coverage on shares of CAE in a report on Friday, March 13th. They issued a “buy” rating on the stock. Finally, Zacks Research lowered shares of CAE from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CAE currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

CAE Stock Performance

Shares of CAE stock opened at $26.88 on Friday. The company’s 50 day moving average is $28.35 and its 200 day moving average is $29.00. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. CAE has a 52-week low of $22.96 and a 52-week high of $34.24. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.01 and a beta of 1.13.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CAE

Hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC boosted its holdings in CAE by 170.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in CAE in the fourth quarter valued at $41,000. CIBC Private Wealth Group LLC purchased a new stake in CAE in the third quarter valued at $42,000. Brown Brothers Harriman & Co. purchased a new stake in CAE in the fourth quarter valued at $47,000. Finally, Purpose Unlimited Inc. purchased a new stake in CAE in the fourth quarter valued at $74,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.