CAE Inc (NYSE:CAE) Stock Has Consensus Target Price of $33.33

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $33.33.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of CAE from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, October 13th. Barclays assumed coverage on shares of CAE in a research report on Friday, October 9th. They issued an “overweight” rating and a $38.00 target price on the stock. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd.

CAE Stock Performance

Shares of CAE stock opened at $25.02 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The company has a fifty day moving average price of $24.36 and a two-hundred day moving average price of $25.30. The stock has a market cap of $8.00 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.85 and a beta of 1.06. CAE has a one year low of $22.76 and a one year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last announced its 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. The business had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. CAE’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. As a group, equities analysts predict that CAE will post 0.87 EPS for the current year.

Institutional Trading of CAE

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

CAE Company Profile

CAE Inc is a Canadian technology company that develops simulation, training and operational-support solutions for the civil aviation, defense and security markets. Its products and services are designed to help organizations train personnel, evaluate mission readiness and improve safety and operational performance.

In civil aviation, CAE provides full-flight simulators, pilot and maintenance training, aviation training services and digital tools for airlines, business aviation operators and aircraft manufacturers.