CAE Inc (NYSE:CAE) Receives Consensus Rating of “Hold” from Brokerages

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.00.

Several research analysts have weighed in on CAE shares. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CAE. Caisse de depot et placement du Quebec acquired a new position in CAE during the 2nd quarter worth about $773,834,000. Jupiter Topco LLC acquired a new position in CAE in the 2nd quarter valued at about $162,919,000. Norges Bank acquired a new position in CAE in the 4th quarter valued at about $98,377,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CAE during the second quarter worth about $65,215,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in CAE during the second quarter worth about $52,968,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

NYSE:CAE opened at $24.86 on Wednesday. CAE has a 52 week low of $22.76 and a 52 week high of $34.24. The stock’s fifty day moving average is $25.17 and its two-hundred day moving average is $25.69. The company has a market capitalization of $7.96 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.85 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to analysts’ expectations of $796.86 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Equities analysts expect that CAE will post 0.87 EPS for the current year.

CAE Company Profile

CAE Inc is a Canadian technology company that develops simulation, training and mission-support solutions for the aviation and defense markets. Founded in 1947 and headquartered in Montréal, Québec, the company serves commercial airlines, business aviation operators, aircraft manufacturers, defense forces and government agencies worldwide.

In civil aviation, CAE provides flight simulators, pilot-training systems, aviation training services and digital tools designed to support pilot recruitment, instruction, certification and recurrent training.