CAE Inc. (NYSE:CAE) Given Average Recommendation of "Moderate Buy" by Analysts

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE has earned an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $32.33.

Several research firms have weighed in on CAE. The Goldman Sachs Group increased their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $41.00 to $38.00 in a research note on Wednesday, May 21st. CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Jefferies Financial Group decreased their price target on CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th.

CAE Stock Performance

CAE stock traded up $0.43 during midday trading on Thursday, hitting $26.64. The company's stock had a trading volume of 356,218 shares, compared to its average volume of 555,816. The stock's 50-day moving average price is $24.53 and its 200 day moving average price is $24.32. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of -51.22, a PEG ratio of 1.94 and a beta of 1.28.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.37 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that CAE will post 0.83 EPS for the current year.

Institutional Trading of CAE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in CAE by 7.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after buying an additional 1,702,904 shares in the last quarter. Brandes Investment Partners LP grew its stake in CAE by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company's stock worth $378,459,000 after acquiring an additional 221,205 shares during the period. Browning West LP grew its stake in CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company's stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the period. Finally, Vanguard Group Inc. grew its stake in CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock worth $303,957,000 after acquiring an additional 149,142 shares during the period. Hedge funds and other institutional investors own 67.36% of the company's stock.

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.