Brokerages Set CAE Inc (NYSE:CAE) Target Price at $31.00

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.00.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $26.00 target price on shares of CAE in a research report on Thursday, June 25th. Royal Bank Of Canada lowered their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a report on Tuesday, May 26th. Zacks Research upgraded CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings raised shares of CAE from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th.

CAE Stock Performance

NYSE:CAE opened at $24.97 on Friday. The stock has a 50-day simple moving average of $25.50 and a two-hundred day simple moving average of $28.04. The firm has a market capitalization of $8.02 billion, a PE ratio of 35.17, a P/E/G ratio of 2.92 and a beta of 1.01. CAE has a 52-week low of $22.76 and a 52-week high of $34.24. 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 (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $953.79 million during the quarter, compared to analysts’ expectations of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Analysts forecast that CAE will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. 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 during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CAE during the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC purchased a new position in shares of CAE in the 3rd quarter valued at about $42,000. Brown Brothers Harriman & Co. purchased a new stake in CAE in the 4th quarter worth $47,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of CAE during the 4th quarter worth about $74,000. 67.36% of the stock is owned by institutional investors and hedge funds.

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.