Royal Bank of Canada Raises CAE (NYSE:CAE) Price Target to $43.00

CAE (NYSE:CAE) (TSE:CAE) had its target price raised by Royal Bank of Canada from $38.00 to $43.00 in a report published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the aerospace company’s stock.

Several other research analysts also recently commented on CAE. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Stock Down 0.1 %

Shares of NYSE:CAE opened at $26.76 on Tuesday. The firm has a fifty day moving average price of $24.18 and a two-hundred day moving average price of $20.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a one year low of $15.95 and a one year high of $27.62. The company has a market cap of $8.55 billion, a price-to-earnings ratio of -34.75, a PEG ratio of 1.79 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. Analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

A number of large investors have recently added to or reduced their stakes in the business. Ossiam raised its position in CAE by 1.0% in the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock worth $1,173,000 after purchasing an additional 447 shares during the period. Cetera Investment Advisers raised its position in CAE by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 497 shares during the period. Rathbones Group PLC raised its position in CAE by 0.9% in the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock worth $1,386,000 after purchasing an additional 500 shares during the period. CANADA LIFE ASSURANCE Co raised its position in CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock worth $1,991,000 after purchasing an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC raised its position in CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock worth $1,143,000 after purchasing an additional 666 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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.