Analysts Set CAE Inc. (NYSE:CAE) PT at $32.00

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.00.

A number of brokerages recently issued reports on CAE. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th.

CAE Stock Up 3.3 %

CAE stock opened at $25.35 on Friday. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. The stock has a 50 day moving average of $24.41 and a two-hundred day moving average of $22.12. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of -48.74, a PEG ratio of 1.94 and a beta of 1.74. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, research analysts expect that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

A number of institutional investors have recently added to or reduced their stakes in the business. Asset Planning Inc bought a new stake in CAE during the fourth quarter valued at $30,000. Natixis purchased a new stake in shares of CAE in the fourth quarter worth approximately $38,000. UniSuper Management Pty Ltd bought a new position in shares of CAE during the fourth quarter valued at about $147,000. Allworth Financial LP increased its position in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in CAE during the third quarter worth about $197,000. 67.36% of the stock is owned by institutional investors.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.