CAE (NYSE:CAE) Earns Outperform Rating from Royal Bank of Canada

CAE (NYSE:CAE) (TSE:CAE)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $43.00 target price on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential upside of 81.94% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus price target of $32.00.

CAE Price Performance

Shares of NYSE:CAE opened at $23.63 on Wednesday. The stock has a market cap of $7.56 billion, a PE ratio of -45.45, a PEG ratio of 1.94 and a beta of 1.74. The company’s fifty day moving average is $24.31 and its 200 day moving average is $21.72. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Research analysts anticipate that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ossiam raised its holdings in shares of CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after purchasing an additional 447 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 497 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock valued at $1,386,000 after purchasing an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock valued at $1,991,000 after purchasing an additional 646 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its holdings in shares of CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 666 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.