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

CAE Inc (NYSE:CAE) (TSE:CAE) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.3333.

Several research analysts have commented on CAE shares. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a research note on Sunday, February 15th. Stifel Nicolaus assumed coverage on shares of CAE in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th.

CAE Trading Up 2.1%

Shares of CAE opened at $26.03 on Wednesday. CAE has a 52-week low of $20.36 and a 52-week high of $34.24. The business’s fifty day moving average is $29.71 and its 200-day moving average is $29.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 3.01 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.CAE’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. Equities analysts anticipate that CAE will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CAE

Hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its position in CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 799 shares during the last quarter. Kestra Advisory Services LLC bought a new position in CAE in the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC acquired a new stake in shares of CAE during the third quarter valued at about $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of CAE during the fourth quarter worth about $47,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of CAE in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

About CAE

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.