CAE Inc (NYSE:CAE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.3333.

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target 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. TD Securities reiterated a “buy” rating on shares of CAE in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Monday.

CAE Price Performance

CAE opened at $33.13 on Friday. CAE has a fifty-two week low of $20.36 and a fifty-two week high of $33.48. The firm has a 50-day moving average of $29.03 and a 200 day moving average of $28.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The firm has a market cap of $10.66 billion, a P/E ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.15.

CAE (NYSE:CAE) (TSE:CAE) last released its 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 firm had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. CAE had a net margin of 8.98% and a return on equity of 7.60%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. On average, research analysts expect that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC bought a new position in shares of CAE in the third quarter worth $42,000. Employees Retirement System of Texas purchased a new position in CAE during the second quarter worth about $80,000. Bessemer Group Inc. increased its stake in CAE by 360.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 3,447 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of CAE during the 2nd quarter valued at about $236,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of CAE by 11.1% during the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 851 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

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.