According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “
A number of other analysts also recently commented on CAE. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price objective on shares of CAE in a report on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.10.
Shares of CAE traded up $3.48 during mid-day trading on Friday, hitting $27.25. 1,203,000 shares of the company were exchanged, compared to its average volume of 154,640. CAE has a 1-year low of $16.96 and a 1-year high of $27.42. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.72 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.18 and a beta of 0.95.
A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its holdings in CAE by 19.0% in the 4th quarter. Mackenzie Financial Corp now owns 10,827,586 shares of the aerospace company’s stock valued at $198,686,000 after acquiring an additional 1,731,694 shares during the last quarter. Vanguard Group Inc. raised its holdings in CAE by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,087,853 shares of the aerospace company’s stock valued at $144,025,000 after acquiring an additional 331,851 shares during the last quarter. USS Investment Management Ltd raised its holdings in CAE by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 6,012,114 shares of the aerospace company’s stock valued at $133,117,000 after acquiring an additional 23,788 shares during the last quarter. Fiera Capital Corp raised its holdings in CAE by 5.9% in the 4th quarter. Fiera Capital Corp now owns 4,798,502 shares of the aerospace company’s stock valued at $88,369,000 after acquiring an additional 266,388 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in CAE by 1,472.5% in the 4th quarter. 1832 Asset Management L.P. now owns 3,527,874 shares of the aerospace company’s stock valued at $65,084,000 after acquiring an additional 3,303,530 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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