The Goldman Sachs Group Raises CAE (NYSE:CAE) Price Target to $29.00

CAE (NYSE:CAE) (TSE:CAE) had its price target lifted by The Goldman Sachs Group from $25.00 to $29.00 in a report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Several other research firms have also recently issued reports on CAE. StockNews.com upgraded CAE from a hold rating to a buy rating in a report on Tuesday, February 20th. Scotiabank lowered shares of CAE from a sector outperform rating to a sector perform rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $34.75.

CAE Price Performance

NYSE:CAE opened at $18.56 on Tuesday. CAE has a 52 week low of $18.26 and a 52 week high of $25.04. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.91 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.59. The stock’s 50-day moving average price is $19.66 and its 200-day moving average price is $20.60.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The firm had revenue of $804.01 million for the quarter, compared to analysts’ expectations of $807.13 million. As a group, equities analysts expect that CAE will post 0.87 EPS for the current fiscal year.

Institutional Trading of CAE

Several institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its position in shares of CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after buying an additional 500 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of CAE by 1.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock valued at $718,000 after buying an additional 560 shares during the period. PNC Financial Services Group Inc. raised its position in shares of CAE by 11.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the aerospace company’s stock valued at $127,000 after buying an additional 598 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of CAE by 3.0% during the 4th quarter. Alliancebernstein L.P. now owns 24,532 shares of the aerospace company’s stock valued at $474,000 after buying an additional 721 shares during the period. Hedge funds and other 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.