The Goldman Sachs Group Forecasts Strong Price Appreciation for CAE (NYSE:CAE) Stock

CAE (NYSE:CAE) (TSE:CAE) had its price objective lifted by stock analysts at The Goldman Sachs Group from $28.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 23.44% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada increased their target price on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.00.

CAE Stock Performance

CAE stock opened at $25.92 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market cap of $8.29 billion, a PE ratio of -49.85, a PEG ratio of 2.03 and a beta of 1.72. The company’s 50-day moving average is $24.23 and its two-hundred day moving average is $20.95.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Equities analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Bank of Montreal Can grew its holdings in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of CAE in the third quarter worth approximately $2,432,000. Pinnacle Associates Ltd. lifted its stake in shares of CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after acquiring an additional 32,328 shares during the period. Geode Capital Management LLC lifted its stake in shares of CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after acquiring an additional 103,081 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of CAE in the third quarter worth approximately $453,000. 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.