Analysts Set CAE Inc. (NYSE:CAE) PT at $28.00

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.00.

CAE has been the subject of several recent research reports. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group initiated coverage on CAE in a research report on Thursday, June 6th. They set a “hold” rating and a $21.00 target price for the company. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Friday, September 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. JARISLOWSKY FRASER Ltd grew its stake in shares of CAE by 1.3% during the second quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock worth $413,168,000 after buying an additional 284,768 shares during the last quarter. Brandes Investment Partners LP increased its holdings in CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares in the last quarter. Vanguard Group Inc. raised its position in CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock valued at $223,593,000 after purchasing an additional 127,504 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after purchasing an additional 1,466,880 shares in the last quarter. Finally, Earnest Partners LLC bought a new stake in shares of CAE during the second quarter worth about $82,597,000. Institutional investors own 67.36% of the company’s stock.

CAE Stock Up 1.3 %

CAE opened at $18.86 on Friday. The stock has a fifty day moving average of $17.67 and a 200-day moving average of $18.76. The company has a market capitalization of $6.02 billion, a P/E ratio of -26.19, a P/E/G ratio of 1.31 and a beta of 1.67. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $23.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that CAE will post 0.86 EPS for the current year.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.