Jefferies Financial Group Cuts CAE (NYSE:CAE) Price Target to $27.00

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

CAE has been the topic of a number of other research reports. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Scotiabank raised shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

CAE Trading Down 0.9%

Shares of CAE stock opened at $25.42 on Friday. The company has a market capitalization of $8.14 billion, a P/E ratio of -48.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $24.23 and its two-hundred day moving average is $23.77. CAE has a twelve month low of $15.95 and a twelve month high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. CAE’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. Equities analysts forecast that CAE will post 0.83 EPS for the current year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently modified their holdings of the business. United Services Automobile Association raised its position in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 462 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CAE by 142.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after acquiring an additional 1,004,820 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of CAE by 16.7% in the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock valued at $193,314,000 after acquiring an additional 1,122,470 shares in the last quarter. Millennium Management LLC purchased a new stake in CAE during the 1st quarter worth about $4,170,000. Finally, Amundi increased its position in CAE by 9.3% during the 1st quarter. Amundi now owns 293,606 shares of the aerospace company’s stock worth $6,917,000 after purchasing an additional 24,985 shares in 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.