Norges Bank Takes Position in CAE Inc $CAE

Norges Bank purchased a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,234,907 shares of the aerospace company’s stock, valued at approximately $98,377,000. Norges Bank owned 1.01% of CAE as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in shares of CAE in the 3rd quarter worth $42,000. Bessemer Group Inc. grew its holdings in shares of CAE by 26.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after acquiring an additional 1,145 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of CAE in the 4th quarter worth $225,000. Oppenheimer & Co. Inc. acquired a new position in shares of CAE in the 4th quarter worth $228,000. Finally, Caprock Group LLC acquired a new position in shares of CAE in the 3rd quarter worth $280,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAE. Weiss Ratings cut CAE from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of CAE in a report on Tuesday, February 17th. Wall Street Zen upgraded CAE from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. National Bank Financial restated an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Stifel Nicolaus began coverage on CAE in a report on Wednesday, March 4th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

CAE Price Performance

CAE opened at $25.50 on Friday. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.97 and a beta of 1.01. CAE Inc has a 1 year low of $22.76 and a 1 year high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $26.06 and a 200 day moving average price of $28.50.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $953.79 million during the quarter, compared to analysts’ expectations of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Analysts forecast that CAE Inc will post 0.88 EPS for the current fiscal year.

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.