CAE (NYSE:CAE) Shares Gap Up - Here's What Happened

Key Points

• CAE shares opened higher, rising from a previous close of $26.18 to $27.18 before trading at approximately $27.14.
• Analyst sentiment remains mixed but leans toward “Hold”: MarketBeat lists five Buy ratings, four Holds and one Sell, with an average price target of $31.00.
• CAE slightly beat quarterly expectations, reporting $0.31 EPS versus a $0.30 estimate and revenue of $953.79 million versus $924.83 million expected; institutional investors own 67.36% of the stock.

CAE Inc (NYSE:CAE - Get Free Report) TSE: CAE gapped up before the market opened on Monday . The stock had previously closed at $26.18, but opened at $27.18. CAE shares last traded at $27.1390, with a volume of 136,979 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded CAE from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of CAE in a research report on Thursday. Zacks Research raised CAE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 13th. National Bank Financial reaffirmed an "outperform" rating on shares of CAE in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada lowered their target price on CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CAE presently has an average rating of "Hold" and an average target price of $31.00.

CAE Price Performance

The company has a fifty day simple moving average of $25.61 and a 200-day simple moving average of $26.99. The company has a market cap of $8.70 billion, a P/E ratio of 38.09, a PEG ratio of 2.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, sell-side analysts predict that CAE Inc will post 0.87 earnings per share for the current year.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caisse de depot et placement du Quebec purchased a new stake in CAE during the second quarter valued at about $773,834,000. Brandes Investment Partners LP raised its holdings in shares of CAE by 1.1% during the fourth quarter. Brandes Investment Partners LP now owns 15,157,988 shares of the aerospace company's stock valued at $461,107,000 after acquiring an additional 168,074 shares during the period. Vanguard Group Inc. lifted its position in shares of CAE by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company's stock valued at $406,923,000 after acquiring an additional 229,270 shares in the last quarter. FIL Ltd lifted its position in shares of CAE by 21.9% in the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company's stock valued at $316,955,000 after acquiring an additional 1,874,739 shares in the last quarter. Finally, Select Equity Group L.P. boosted its stake in CAE by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company's stock worth $231,350,000 after purchasing an additional 45,754 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source