CAE Inc (NYSE:CAE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

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CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.6667.

A number of brokerages recently issued reports on CAE. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a research note on Thursday. Finally, National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th.

Institutional Trading of CAE

A number of institutional investors have recently made changes to their positions in the business. Ossiam raised its position in CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after acquiring an additional 447 shares in the last quarter. United Services Automobile Association raised its position in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after acquiring an additional 462 shares in the last quarter. Cetera Investment Advisers raised its position in CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after acquiring an additional 497 shares in the last quarter. Russell Investments Group Ltd. raised its position in CAE by 0.4% during the second quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company's stock worth $3,770,000 after acquiring an additional 522 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in CAE by 2.0% during the second quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company's stock worth $908,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Up 1.2%

Shares of NYSE CAE opened at $27.82 on Tuesday. The stock has a market cap of $8.92 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.29 and a beta of 1.34. The firm has a 50 day moving average price of $28.33 and a 200 day moving average price of $25.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. CAE has a 52-week low of $17.34 and a 52-week high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $806.92 million during the quarter, compared to analysts' expectations of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same quarter in the previous year, the company earned $0.21 earnings per share. Analysts expect 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.

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