CAE Inc (NYSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.3333.

CAE has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating on shares of CAE in a research report on Sunday. TD Securities restated a “buy” rating on shares of CAE in a research note on Monday, January 12th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Royal Bank Of Canada cut their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings raised CAE from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 3rd.

Hedge Funds Weigh In On CAE

A number of hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC raised its position in shares of CAE by 170.7% during 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 during the period. Kestra Advisory Services LLC bought a new stake in CAE during the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC purchased a new position in shares of CAE in the third quarter valued at about $42,000. Brown Brothers Harriman & Co. bought a new position in shares of CAE in the fourth quarter worth about $47,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of CAE during the second quarter worth about $80,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Down 3.7%

CAE stock opened at $30.23 on Tuesday. CAE has a one year low of $20.36 and a one year high of $34.24. The stock has a fifty day moving average of $31.48 and a 200 day moving average of $28.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market cap of $9.73 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.11.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. During the same period in the previous year, the company posted $0.29 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that CAE will post 0.83 EPS for the current year.

About CAE

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.