Brokerages Set CAE Inc. (NYSE:CAE) Price Target at $28.00

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.00.

Several research analysts have issued reports on the company. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.

CAE Stock Up 1.2 %

CAE stock opened at $18.57 on Wednesday. The company has a market capitalization of $5.92 billion, a PE ratio of -25.78, a PEG ratio of 1.33 and a beta of 1.67. CAE has a 12-month low of $15.95 and a 12-month high of $23.24. The firm’s fifty day moving average is $18.16 and its 200 day moving average is $18.58. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that CAE will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC lifted its position in shares of CAE by 3.5% during the 2nd quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after buying an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CAE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in CAE by 11.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the period. 67.36% of the stock is owned by hedge funds and other 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.