CAE (NYSE:CAE) Stock Price Target Lowered at Jefferies Financial Group

CAE (NYSE:CAE) (TSE:CAE) had its price objective cut by Jefferies Financial Group from $28.00 to $26.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 10.79% from the stock’s current price.

Several other research analysts have also weighed in on CAE. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 15th. Barclays assumed coverage on CAE in a research note on Friday. They issued an “overweight” rating and a $38.00 price target on the stock. Weiss Ratings cut CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.33.

CAE Trading Down 1.1%

NYSE:CAE traded down $0.25 on Tuesday, hitting $23.47. The stock had a trading volume of 426,193 shares, compared to its average volume of 789,036. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.85 and a beta of 1.06. The company has a fifty day moving average price of $24.81 and a two-hundred day moving average price of $25.41. CAE has a 1-year low of $22.76 and a 1-year high of $34.24.

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

Institutional Trading of CAE

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in CAE by 218.2% in the third quarter. Farther Finance Advisors LLC now owns 1,435 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 984 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of CAE during the second quarter worth $36,000. Tacita Capital Inc acquired a new stake in shares of CAE in the second quarter valued at $37,000. Parallel Advisors LLC grew its stake in shares of CAE by 46.6% in the first quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after buying an additional 797 shares in the last quarter. Finally, Purpose Unlimited Inc. purchased a new stake in shares of CAE in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.