Brokerages Set CAE Inc. (NYSE:CAE) Price Target at $28.00

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.00.

Several research firms recently commented on CAE. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.

Hedge Funds Weigh In On CAE

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after buying an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. grew its stake in shares of CAE by 20.1% during the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock worth $3,906,000 after purchasing an additional 35,222 shares during the period. Henry James International Management Inc. grew its stake in shares of CAE by 16.0% during the 1st quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock worth $4,343,000 after purchasing an additional 28,991 shares during the period. Clearline Capital LP acquired a new position in shares of CAE during the 2nd quarter worth $2,290,000. Finally, Jane Street Group LLC grew its stake in shares of CAE by 97.2% during the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after purchasing an additional 150,429 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Up 0.2 %

Shares of NYSE:CAE opened at $18.75 on Wednesday. The company has a market capitalization of $5.98 billion, a PE ratio of -26.04, a P/E/G ratio of 1.33 and a beta of 1.67. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. CAE has a twelve month low of $15.95 and a twelve month high of $23.24. The firm has a 50 day simple moving average of $18.20 and a 200-day simple moving average of $18.55.

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 the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that CAE will post 0.86 EPS for the current fiscal year.

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.