Analysts Set CAE Inc (NYSE:CAE) Target Price at $33.67

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.6667.

CAE has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of CAE in a research report on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of CAE in a report on Thursday, August 14th.

CAE Trading Up 0.4%

NYSE:CAE opened at $27.18 on Friday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. CAE has a 1 year low of $18.67 and a 1 year high of $30.13. The business has a fifty day moving average of $27.75 and a 200-day moving average of $27.36.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts predict that CAE will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On CAE

Several hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its holdings in CAE by 0.8% during the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock worth $1,484,000 after buying an additional 394 shares in the last quarter. United Services Automobile Association lifted its position in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after acquiring an additional 462 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CAE by 0.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock worth $3,770,000 after acquiring an additional 522 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of CAE by 2.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock worth $908,000 after acquiring an additional 600 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of CAE by 3.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company’s stock worth $555,000 after acquiring an additional 619 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.