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

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE has received an average recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.33.

A number of brokerages have recently weighed in on CAE. The Goldman Sachs Group increased their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group dropped their target price on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. Finally, Royal Bank of Canada cut CAE from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $38.00 in a report on Wednesday, May 21st.

CAE Trading Up 1.6%

CAE stock traded up $0.43 during midday trading on Thursday, reaching $26.64. 356,218 shares of the company traded hands, compared to its average volume of 558,194. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of -51.22, a P/E/G ratio of 1.94 and a beta of 1.28. The business has a 50 day moving average of $24.49 and a 200-day moving average of $24.28.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted 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 the consensus estimate of $1.30 billion. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. As a group, sell-side analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently bought and sold shares of CAE. JPMorgan Chase & Co. boosted its holdings in CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock worth $29,759,000 after purchasing an additional 42,325 shares during the period. Raymond James Financial Inc. bought a new position in CAE during the 4th quarter valued at $4,746,000. Norges Bank bought a new stake in shares of CAE in the 4th quarter worth approximately $98,436,000. Plato Investment Management Ltd acquired a new stake in shares of CAE during the fourth quarter worth $846,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of CAE during the fourth quarter valued at approximately $13,763,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

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.