CAE (NYSE:CAE) PT Raised to $29.00

CAE (NYSE:CAE) (TSE:CAE) had its target price upped by analysts at The Goldman Sachs Group from $25.00 to $29.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 53.32% from the company’s current price.

A number of other research analysts have also weighed in on the company. Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

CAE Trading Down 0.0 %

Shares of NYSE:CAE opened at $18.92 on Tuesday. CAE has a 1 year low of $18.26 and a 1 year high of $25.04. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. The business’s 50 day moving average price is $19.70 and its 200-day moving average price is $20.62.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. On average, equities research analysts forecast that CAE will post 0.87 earnings per share for the current fiscal year.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its stake in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 707 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of CAE during the 3rd quarter worth about $29,000. Allworth Financial LP increased its position in shares of CAE by 678.3% during the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.