Brokerages Set CAE Inc. (NYSE:CAE) PT at $34.75

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $34.75.

CAE has been the topic of several recent analyst reports. Scotiabank cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th.

CAE Stock Up 1.4 %

Shares of CAE stock opened at $20.47 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. CAE has a one year low of $18.26 and a one year high of $25.04. The company’s fifty day moving average price is $19.55 and its 200-day moving average price is $20.34. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.49 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly 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 business had revenue of $804.01 million for the quarter, compared to analysts’ expectations of $807.13 million. Sell-side analysts expect that CAE will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tobam raised its position in shares of CAE by 193.3% during the 1st quarter. Tobam now owns 12,777 shares of the aerospace company’s stock valued at $264,000 after buying an additional 8,421 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in CAE by 5.4% during the first quarter. Sequoia Financial Advisors LLC now owns 24,109 shares of the aerospace company’s stock valued at $498,000 after purchasing an additional 1,239 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CAE by 80.3% in the 1st quarter. Principal Financial Group Inc. now owns 26,500 shares of the aerospace company’s stock valued at $548,000 after purchasing an additional 11,800 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CAE by 11.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 697 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Company Profile

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.