CAE Inc (NYSE:CAE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.3333.

A number of analysts have commented on the company. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Royal Bank Of Canada reduced their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Zacks Research downgraded CAE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Scotiabank reiterated an “outperform” rating on shares of CAE in a report on Thursday, August 14th. Finally, TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th.

CAE Stock Up 1.7%

NYSE:CAE opened at $27.18 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. CAE has a twelve month low of $20.36 and a twelve month high of $30.13. The company has a market cap of $8.74 billion, a PE ratio of 28.02, a P/E/G ratio of 2.01 and a beta of 1.19. The company’s 50 day moving average is $27.55 and its two-hundred day moving average is $27.52.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $897.99 million during the quarter, compared to analysts’ expectations of $1.13 billion. CAE had a net margin of 8.98% and a return on equity of 7.60%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Analysts anticipate that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of CAE by 49.7% in the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock valued at $419,000 after buying an additional 5,659 shares during the period. Neuberger Berman Group LLC raised its position in CAE by 382.5% during the second quarter. Neuberger Berman Group LLC now owns 51,521 shares of the aerospace company’s stock valued at $1,507,000 after acquiring an additional 40,842 shares in the last quarter. Phoenix Financial Ltd. purchased a new position in CAE during the second quarter valued at approximately $10,309,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CAE in the first quarter valued at approximately $11,365,000. Finally, Brandes Investment Partners LP boosted its position in CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after purchasing an additional 628,848 shares in 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, 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.