CAE Inc (NYSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.3333.

A number of equities research analysts have recently weighed in on CAE shares. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CAE in a research report on Monday, December 29th. Royal Bank Of Canada decreased their target price on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, TD Securities reaffirmed a “buy” rating on shares of CAE in a research note on Monday, January 12th.

CAE Price Performance

CAE opened at $33.37 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. CAE has a 52-week low of $20.36 and a 52-week high of $34.24. The stock has a market capitalization of $10.73 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock’s 50 day moving average price is $29.67 and its 200-day moving average price is $28.59.

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

Institutional Inflows and Outflows

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

CAE Company Profile

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.