CAE (NYSE:CAE) Price Target Cut to $27.00 by Analysts at Jefferies Financial Group

CAE (NYSE:CAE) (TSE:CAE) had its price objective reduced by Jefferies Financial Group from $28.00 to $27.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Other analysts also recently issued reports about the company. The Goldman Sachs Group upped their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Finally, Scotiabank raised shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CAE currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CAE Stock Performance

NYSE CAE opened at $25.42 on Friday. The business’s 50-day moving average price is $24.23 and its 200 day moving average price is $23.77. 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 twelve month low of $15.95 and a twelve month high of $27.62. The company has a market capitalization of $8.14 billion, a PE ratio of -48.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business had revenue of $886.20 million for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts predict that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

A number of hedge funds have recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in CAE during the 4th quarter worth $30,000. Natixis purchased a new stake in shares of CAE during the fourth quarter worth about $38,000. Versant Capital Management Inc acquired a new position in shares of CAE in the first quarter worth about $53,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE in the fourth quarter worth about $147,000. Finally, Allworth Financial LP boosted its holdings in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. 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.