CAE Inc (NYSE:CAE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• CAE Inc has received a consensus rating of "Moderate Buy" from eleven brokerages, with four hold ratings, five buy ratings, and two strong buy ratings.
• The average 12-month target price for CAE among analysts is $33.67, indicating potential growth for the stock.
• CAE reported earnings of $0.15 EPS for the last quarter, meeting expectations, despite revenue falling short of estimates at $806.92 million.

Shares of CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE have been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $33.6667.

CAE has been the subject of several research reports. TD Securities upgraded CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Scotiabank reiterated an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group started coverage on CAE in a report on Monday, June 30th. They set a "buy" rating and a $33.00 price target for the company.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association lifted its holdings in CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after purchasing an additional 462 shares during the last quarter. Cetera Investment Advisers lifted its holdings in CAE by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in CAE by 0.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company's stock worth $3,770,000 after purchasing an additional 522 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in CAE by 2.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company's stock worth $908,000 after purchasing an additional 600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in 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 purchasing an additional 619 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Down 0.8%

Shares of CAE stock opened at $26.45 on Friday. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 2.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. CAE has a 52-week low of $17.48 and a 52-week high of $30.13. The stock has a 50-day simple moving average of $28.07 and a 200-day simple moving average of $26.16.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.During the same period in the previous year, the company earned $0.21 EPS. On average, equities research analysts expect that CAE will post 0.83 earnings per share for the current fiscal 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.

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