CAE (NYSE:CAE) Now Covered by Analysts at Barclays

Stock analysts at Barclays started coverage on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report issued to clients and investors on Friday, Briefing.com reports. The firm set an “overweight” rating and a $38.00 price target on the aerospace company’s stock. Barclays‘s price objective indicates a potential upside of 64.15% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of CAE in a research note on Thursday, August 13th. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.33.

CAE Price Performance

NYSE:CAE opened at $23.15 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $24.91 and a 200-day moving average of $25.46. The firm has a market capitalization of $7.41 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. CAE has a 52 week low of $22.76 and a 52 week high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The business had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Analysts predict that CAE will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in CAE by 218.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 984 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of CAE in the second quarter worth $36,000. Tacita Capital Inc bought a new stake in shares of CAE during the 2nd quarter worth $37,000. Purpose Unlimited Inc. acquired a new position in CAE in the 4th quarter valued at $74,000. Finally, Parallel Advisors LLC raised its holdings in CAE by 46.6% in the 1st quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 797 shares during the period. 67.36% of the stock is owned by institutional investors.

About CAE

CAE Inc is a Canadian technology and training company headquartered in Montreal, Quebec. Founded in 1947, the company develops simulation, training and operational-support solutions for aviation, defense and other safety-critical industries.

In civil aviation, CAE provides flight simulators, pilot and crew training, aviation software and related services to airlines, business aviation operators, aircraft manufacturers and other aviation organizations. Its offerings are designed to support pilot training, aircraft qualification, operational readiness and workforce development.

CAE also provides simulation-based training and mission-support solutions for defense and security customers, including military organizations and government agencies.