Brokerages Set CAE Inc. (NYSE:CAE) PT at $32.00

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given an average rating of “Hold” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.00.

CAE has been the subject of several recent research reports. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price objective on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Asset Planning Inc purchased a new position in CAE in the fourth quarter valued at about $30,000. Natixis purchased a new position in CAE in the fourth quarter valued at about $38,000. Venturi Wealth Management LLC purchased a new position in CAE in the third quarter valued at about $74,000. Allworth Financial LP increased its holdings in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in CAE in the fourth quarter valued at about $147,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of CAE opened at $23.56 on Tuesday. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of -45.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72. The firm has a 50-day simple moving average of $24.42 and a 200-day simple moving average of $21.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities research analysts anticipate that CAE will post 0.83 earnings per share for the current year.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.