CAE (NYSE:CAE) Hits New 52-Week High - Should You Buy?

CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE's stock price hit a new 52-week high during trading on Friday . The stock traded as high as $28.21 and last traded at $27.95, with a volume of 367984 shares trading hands. The stock had previously closed at $26.80.

Wall Street Analysts Forecast Growth

CAE has been the topic of several recent analyst reports. Jefferies Financial Group set a $28.00 target price on CAE and gave the stock a "hold" rating in a research note on Wednesday, June 25th. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group assumed coverage on shares of CAE in a report on Monday. They issued a "buy" rating and a $33.00 price target on the stock. Finally, Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $41.00 to $38.00 in a research report on Wednesday, May 21st. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

CAE Price Performance

The business's 50 day moving average price is $25.76 and its two-hundred day moving average price is $24.69. The stock has a market cap of $9.40 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, sell-side analysts expect that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Several hedge funds have recently bought and sold shares of the business. Ossiam boosted its stake 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 boosted its stake 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 boosted its stake 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. Rathbones Group PLC boosted its stake in CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after acquiring an additional 500 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after acquiring an additional 646 shares in the last quarter. 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.