CAE (NYSE:CAE) Stock Gets Price Target Reduction from Jefferies Financial Group

CAE (NYSE:CAE) (TSE:CAE) had its price target lowered by Jefferies Financial Group from $28.00 to $26.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

A number of other equities analysts have also issued reports on CAE. Barclays started coverage on CAE in a report on Friday, October 9th. They set an “overweight” rating and a $38.00 price target on the stock. Weiss Ratings downgraded CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.33.

CAE Trading Up 2.9%

NYSE CAE opened at $23.91 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. CAE has a 52 week low of $22.76 and a 52 week high of $34.24. The stock has a market capitalization of $7.65 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The firm has a 50 day moving average of $24.61 and a two-hundred day moving average of $25.36.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. CAE had a return on equity of 7.45% and a net margin of 6.36%. The business had revenue of $826.42 million for the quarter, compared to the consensus estimate of $796.86 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, research analysts expect that CAE will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of CAE by 218.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 984 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in CAE during the 2nd quarter valued at $36,000. Tacita Capital Inc acquired a new stake in CAE during the 2nd quarter valued at $37,000. Parallel Advisors LLC grew its holdings in CAE by 46.6% during the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after buying an additional 797 shares during the last quarter. Finally, Purpose Unlimited Inc. purchased a new position in CAE during the fourth quarter worth $74,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

CAE Inc is a Canadian technology and training company headquartered in Montreal, Quebec. Founded in 1947, the company develops simulation, training and operational-support solutions for aviation, defense and other safety-critical industries.

In civil aviation, CAE provides flight simulators, pilot and crew training, aviation software and related services to airlines, business aviation operators, aircraft manufacturers and other aviation organizations. Its offerings are designed to support pilot training, aircraft qualification, operational readiness and workforce development.

CAE also provides simulation-based training and mission-support solutions for defense and security customers, including military organizations and government agencies.