CAE Inc. (NYSE:CAE) Receives $32.00 Average Price Target from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.00.

Several research analysts have recently issued reports on CAE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

CAE Price Performance

NYSE:CAE opened at $25.35 on Friday. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of -48.74, a P/E/G ratio of 1.94 and a beta of 1.74. The stock has a fifty day moving average of $24.41 and a 200 day moving average of $22.12.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping 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%. On average, research analysts expect that CAE will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Caisse DE Depot ET Placement DU Quebec increased its stake in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock valued at $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company’s stock worth $606,697,000 after acquiring an additional 1,702,904 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of CAE by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after purchasing an additional 221,205 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CAE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock valued at $310,134,000 after purchasing an additional 181,807 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in CAE in the 4th quarter worth approximately $201,771,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

About CAE

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.