CAE Inc (NYSE:CAE) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE have been given an average rating of "Moderate Buy" by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.67.

Several research analysts have recently commented on the company. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th.

Institutional Trading of CAE

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of CAE by 3.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock worth $29,759,000 after buying an additional 42,325 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of CAE in the 4th quarter worth $4,746,000. Norges Bank bought a new stake in shares of CAE in the 4th quarter worth $98,436,000. Intact Investment Management Inc. bought a new stake in shares of CAE in the 4th quarter worth $13,763,000. Finally, Plato Investment Management Ltd bought a new stake in shares of CAE in the 4th quarter worth $846,000. Institutional investors own 67.36% of the company's stock.

CAE Price Performance

Shares of NYSE CAE opened at $28.07 on Monday. The firm has a market cap of $8.99 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $24.69. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $28.21.

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

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