CAE Inc. (NYSE:CAE) Receives $32.00 Average Price Target from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.00.

CAE has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 price target for the company. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd.

CAE Price Performance

Shares of NYSE:CAE opened at $18.95 on Thursday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -26.32, a PEG ratio of 1.34 and a beta of 1.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $19.29 and a 200 day simple moving average of $19.89. CAE has a one year low of $17.40 and a one year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Monday, May 27th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.16). The business had revenue of $835.47 million for the quarter, compared to the consensus estimate of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same period in the previous year, the business posted $0.26 EPS. Research analysts predict that CAE will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc grew its holdings in CAE by 21.3% in the fourth quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock worth $14,749,000 after purchasing an additional 119,411 shares during the period. Clearbridge Investments LLC grew its holdings in CAE by 12.9% in the third quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after purchasing an additional 538,838 shares during the period. Mackenzie Financial Corp grew its holdings in CAE by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after purchasing an additional 2,083,595 shares during the period. Norges Bank acquired a new stake in CAE in the fourth quarter worth $74,413,000. Finally, Pacifica Partners Inc. grew its holdings in shares of CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after buying an additional 793 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.