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

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $32.00.

CAE has been the topic of several analyst reports. Canaccord Genuity Group initiated coverage on CAE in a report on Friday, March 13th. They set a “buy” rating on the stock. Jefferies Financial Group cut their target price on CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 17th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Stifel Nicolaus initiated coverage on CAE in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th.

Hedge Funds Weigh In On CAE

A number of institutional investors have recently made changes to their positions in CAE. Transamerica Financial Advisors LLC raised its position in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of CAE in the 4th quarter valued at approximately $41,000. CIBC Private Wealth Group LLC acquired a new position in shares of CAE in the 3rd quarter valued at approximately $42,000. Brown Brothers Harriman & Co. acquired a new position in shares of CAE in the 4th quarter valued at approximately $47,000. Finally, Parallel Advisors LLC raised its position in shares of CAE by 46.6% in the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 797 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of NYSE:CAE opened at $25.08 on Monday. The company has a market cap of $8.06 billion, a P/E ratio of 35.33, a PEG ratio of 2.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96. CAE has a one year low of $22.76 and a one year high of $34.24. The business’s 50-day simple moving average is $25.86 and its 200 day simple moving average is $28.46.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $953.79 million for the quarter, compared to the consensus estimate of $924.83 million. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, sell-side analysts forecast that CAE will post 0.88 earnings per share for the current fiscal year.

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.