CAE (NYSE:CAE) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of CAE (NYSE:CAE - Free Report) TSE: CAE in a research note released on Monday, Marketbeat reports. The firm issued a buy rating and a $33.00 price objective on the aerospace company's stock.

Several other brokerages have also recently commented on CAE. Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $41.00 to $38.00 in a research report on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Jefferies Financial Group set a $28.00 price objective on shares of CAE and gave the company a "hold" rating in a research report on Wednesday, June 25th. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Finally, National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

CAE Price Performance

CAE stock traded up $1.26 during mid-day trading on Monday, reaching $29.34. 1,234,843 shares of the company were exchanged, compared to its average volume of 545,219. The company has a fifty day simple moving average of $25.76 and a 200-day simple moving average of $24.69. The firm has a market cap of $9.40 billion, a PE ratio of 32.60, a PEG ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. CAE has a 12 month low of $15.95 and a 12 month high of $29.46.

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

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC boosted its stake in shares of CAE by 108.8% during the first quarter. Intech Investment Management LLC now owns 180,771 shares of the aerospace company's stock valued at $4,444,000 after purchasing an additional 94,200 shares in the last quarter. Plato Investment Management Ltd raised its holdings in CAE by 13.5% in the 1st quarter. Plato Investment Management Ltd now owns 37,746 shares of the aerospace company's stock valued at $938,000 after buying an additional 4,502 shares during the last quarter. United Services Automobile Association boosted its position in CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after buying an additional 462 shares during the period. Goldman Sachs Group Inc. grew its holdings in CAE by 142.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock worth $42,036,000 after acquiring an additional 1,004,820 shares during the last quarter. Finally, Select Equity Group L.P. increased its position in CAE by 16.7% in the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company's stock valued at $193,314,000 after acquiring an additional 1,122,470 shares during the period. Institutional investors own 67.36% of the company's stock.

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.