CAE (NYSE:CAE) Sets New 12-Month High - Still a 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

A number of equities research analysts have recently weighed in on the company. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada cut CAE from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $41.00 to $38.00 in a research note on Wednesday, May 21st. Jefferies Financial Group set a $28.00 price target on CAE and gave the company a "hold" rating in a report on Wednesday. Finally, Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

CAE Stock Performance

The company has a fifty day moving average price of $25.66 and a two-hundred day moving average price of $24.64. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.17 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 (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly 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 company had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. CAE's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities research analysts expect that CAE Inc will post 0.83 EPS for the current year.

Institutional Trading of CAE

A number of large investors have recently added to or reduced their stakes in CAE. Natixis acquired a new stake in shares of CAE during the 4th quarter valued at $38,000. Versant Capital Management Inc acquired a new position in shares of CAE in the 1st quarter valued at $53,000. UniSuper Management Pty Ltd acquired a new stake in CAE during the 4th quarter worth about $147,000. State of Wyoming lifted its stake in CAE by 39.4% during the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock valued at $207,000 after buying an additional 2,385 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of CAE in the fourth quarter worth about $213,000. 67.36% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.