CAE Inc (NYSE:CAE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.3333.

Several brokerages have recently weighed in on CAE. Royal Bank Of Canada cut their target price on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research note on Monday, December 15th. Finally, Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th.

CAE Price Performance

CAE stock opened at $30.15 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $27.80. The stock has a market cap of $9.69 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. CAE has a 12-month low of $20.36 and a 12-month high of $30.19.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $897.99 million for the quarter, compared to analysts’ expectations of $1.13 billion. CAE had a return on equity of 7.60% and a net margin of 8.98%.CAE’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Equities analysts expect that CAE will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Several large investors have recently bought and sold shares of the stock. Browning West LP lifted its position in CAE by 131.4% in the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after purchasing an additional 7,800,012 shares during the period. Norges Bank acquired a new stake in shares of CAE in the 2nd quarter valued at approximately $118,239,000. Select Equity Group L.P. grew its holdings in CAE by 16.7% during the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after acquiring an additional 1,122,470 shares during the period. Goldman Sachs Group Inc. lifted its holdings in 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 during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock worth $33,267,000 after purchasing an additional 886,951 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.