Brokerages Set CAE Inc. (NYSE:CAE) Price Target at $33.13


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Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.25.

Several equities analysts recently issued reports on the company. Canaccord Genuity reiterated a “hold” rating and issued a $32.00 price objective on shares of CAE in a research report on Tuesday, February 16th. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, February 1st. TD Securities upped their price target on CAE from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, February 16th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, November 10th. Finally, BMO Capital Markets upped their price objective on CAE from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 1st.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jarislowsky Fraser Ltd raised its stake in CAE by 17.0% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 16,647,446 shares of the aerospace company’s stock valued at $242,779,000 after acquiring an additional 2,416,786 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in CAE by 114.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,404,237 shares of the aerospace company’s stock valued at $260,351,000 after acquiring an additional 5,025,126 shares during the period. Letko Brosseau & Associates Inc. raised its stake in CAE by 71.3% in the 3rd quarter. Letko Brosseau & Associates Inc. now owns 4,519,130 shares of the aerospace company’s stock valued at $65,905,000 after acquiring an additional 1,880,295 shares during the period. Fiera Capital Corp raised its stake in CAE by 5.4% in the 4th quarter. Fiera Capital Corp now owns 3,968,739 shares of the aerospace company’s stock valued at $109,631,000 after acquiring an additional 201,887 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in CAE by 19.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 3,644,140 shares of the aerospace company’s stock valued at $100,973,000 after acquiring an additional 601,165 shares during the period. Institutional investors and hedge funds own 52.25% of the company’s stock.

Shares of CAE stock traded up $0.62 during trading on Tuesday, hitting $26.60. 15,053 shares of the company were exchanged, compared to its average volume of 337,817. The firm has a market capitalization of $7.52 billion, a P/E ratio of 146.84, a price-to-earnings-growth ratio of 10.14 and a beta of 1.73. CAE has a 1-year low of $9.80 and a 1-year high of $29.71. The firm’s fifty day moving average price is $25.25 and its 200 day moving average price is $20.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.12 and a quick ratio of 0.74.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, February 11th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $832.40 million during the quarter, compared to analyst estimates of $822.43 million. CAE had a return on equity of 9.35% and a net margin of 2.07%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. As a group, equities research analysts anticipate that CAE will post 0.32 earnings per share for the current year.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Analyst Recommendations for CAE (NYSE:CAE)

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