CAE (NYSE:CAE) Given New $36.00 Price Target at Royal Bank Of Canada

CAE (NYSE:CAE) (TSE:CAE) had its price target reduced by investment analysts at Royal Bank Of Canada from $42.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 49.38% from the stock’s previous close.

A number of other equities research analysts also recently commented on CAE. Scotiabank reiterated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Canaccord Genuity Group assumed coverage on CAE in a research report on Friday, March 13th. They set a “buy” rating for the company. Jefferies Financial Group cut their price objective on CAE from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 17th. TD Securities reiterated a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

CAE Price Performance

NYSE CAE traded up $0.94 on Tuesday, reaching $24.10. 623,723 shares of the stock traded hands, compared to its average volume of 813,898. The firm’s fifty day simple moving average is $26.40 and its 200 day simple moving average is $28.63. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.66 and a beta of 1.03. CAE has a 12 month low of $22.76 and a 12 month high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. CAE had a return on equity of 7.55% and a net margin of 6.36%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, research analysts predict that CAE will post 0.91 EPS for the current fiscal year.

Institutional Trading of CAE

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of CAE by 22.0% in the first quarter. Bank of America Corp DE now owns 1,701,002 shares of the aerospace company’s stock valued at $44,311,000 after purchasing an additional 307,265 shares in the last quarter. Anson Funds Management LP lifted its holdings in shares of CAE by 93.1% in the first quarter. Anson Funds Management LP now owns 280,000 shares of the aerospace company’s stock valued at $7,296,000 after purchasing an additional 135,000 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of CAE by 6.1% in the first quarter. Janus Henderson Group PLC now owns 52,104 shares of the aerospace company’s stock valued at $1,355,000 after purchasing an additional 3,000 shares in the last quarter. Amundi lifted its holdings in shares of CAE by 58.5% in the first quarter. Amundi now owns 587,632 shares of the aerospace company’s stock valued at $15,308,000 after purchasing an additional 216,824 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of CAE by 33.8% in the first quarter. Quantinno Capital Management LP now owns 144,071 shares of the aerospace company’s stock valued at $3,753,000 after purchasing an additional 36,372 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

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.