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

Key Points

• CAE Inc has a consensus rating of Moderate Buy from twelve research firms, with an average price target of $33.67.
• Several major institutional investors have recently increased their positions in CAE, with 67.36% of the stock now owned by hedge funds and other institutional investors.
• CAE's latest earnings report showed an EPS of $0.33, slightly above analysts' estimates, with revenue of $886.20 million, marking a 13.2% year-over-year increase.

Shares of CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE have received a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $33.67.

A number of equities research analysts have recently weighed in on the stock. Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group started coverage on shares of CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 target price on the stock. Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Tuesday, May 27th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Finally, CIBC reissued a "neutral" rating on shares of CAE in a research note on Thursday, May 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAE. Natixis purchased a new position in shares of CAE during the fourth quarter valued at approximately $38,000. Versant Capital Management Inc purchased a new stake in CAE during the first quarter valued at approximately $53,000. UniSuper Management Pty Ltd purchased a new stake in CAE during the fourth quarter valued at approximately $147,000. First Trust Advisors LP purchased a new stake in CAE during the fourth quarter valued at approximately $213,000. Finally, State of Wyoming increased its holdings in CAE by 39.4% during the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock valued at $207,000 after buying an additional 2,385 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Up 0.6%

CAE stock traded up $0.18 during trading hours on Friday, reaching $28.68. The stock had a trading volume of 471,130 shares, compared to its average volume of 651,071. The stock has a market cap of $9.20 billion, a PE ratio of 31.87, a PEG ratio of 2.34 and a beta of 1.30. CAE has a 52 week low of $15.95 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. The company has a fifty day simple moving average of $27.45 and a 200-day simple moving average of $25.38.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Analysts forecast that CAE will post 0.83 EPS for the current fiscal year.

CAE Company Profile

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.