CAE Inc (NYSE:CAE) Receives $33.67 Average Price Target from Analysts

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 rating of "Moderate Buy" by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.6667.

A number of analysts recently weighed in on the company. Royal Bank Of Canada restated a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Wall Street Zen downgraded CAE from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. TD Securities upgraded CAE from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group started coverage on CAE in a research report on Monday, June 30th. They set a "buy" rating and a $33.00 target price on the stock. Finally, Scotiabank reiterated an "outperform" rating on shares of CAE in a research report on Thursday, August 14th.

Institutional Trading of CAE

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in CAE during the first quarter worth $53,000. Employees Retirement System of Texas purchased a new stake in shares of CAE in the second quarter valued at $80,000. Bessemer Group Inc. lifted its position in shares of CAE by 360.9% in the second quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company's stock valued at $129,000 after acquiring an additional 3,447 shares in the last quarter. State of Wyoming lifted its position in shares of CAE by 39.4% in the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock valued at $207,000 after acquiring an additional 2,385 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of CAE in the second quarter valued at $236,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of CAE stock traded up $0.09 during trading on Friday, reaching $26.98. The company's stock had a trading volume of 243,261 shares, compared to its average volume of 486,730. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE has a 12-month low of $17.58 and a 12-month high of $30.13. The company has a market capitalization of $8.65 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 2.38 and a beta of 1.36. The business has a 50 day moving average price of $27.85 and a 200-day moving average price of $26.23.

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