CAE Inc. (NYSE:CAE) Receives $32.00 Consensus PT from Brokerages

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

CAE has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Desjardins cut CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Jefferies Financial Group began coverage on CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 target price for the company. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CAE. JARISLOWSKY FRASER Ltd increased its holdings in shares of CAE by 28.5% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after purchasing an additional 3,843,611 shares during the period. Norges Bank acquired a new position in shares of CAE in the fourth quarter valued at approximately $74,413,000. Mackenzie Financial Corp grew its holdings in CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after acquiring an additional 2,083,595 shares during the period. AGF Management Ltd. grew its holdings in CAE by 174.1% during the fourth quarter. AGF Management Ltd. now owns 1,188,038 shares of the aerospace company’s stock worth $26,348,000 after acquiring an additional 754,648 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock worth $76,575,000 after acquiring an additional 541,066 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE opened at $18.95 on Thursday. The stock has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $19.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85. The stock has a market capitalization of $6.03 billion, a PE ratio of -26.32, a PEG ratio of 1.34 and a beta of 1.66. CAE has a 1 year low of $17.40 and a 1 year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data 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 company had revenue of $835.47 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.26 EPS. On average, analysts predict that CAE will post 0.89 earnings per share for the current fiscal 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.