CAE (NYSE:CAE) Sets New 12-Month High – Still a Buy?

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) reached a new 52-week high during trading on Monday . The stock traded as high as $31.76 and last traded at $31.7250, with a volume of 53243 shares changing hands. The stock had previously closed at $30.92.

Wall Street Analyst Weigh In

Several analysts have recently commented on CAE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a report on Monday, December 29th. Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada decreased their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.59 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $28.16 and a 200 day moving average price of $28.09. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.34 and a beta of 1.15.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $897.99 million for 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 firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. As a group, equities research analysts expect that CAE Inc will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several large investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new stake in shares of CAE during the third quarter worth $42,000. Employees Retirement System of Texas purchased a new stake in CAE during the 2nd quarter valued at about $80,000. Bessemer Group Inc. raised its holdings in CAE by 360.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 3,447 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in CAE in the 2nd quarter worth approximately $236,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of CAE by 11.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 851 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.