CAE Inc. (NYSE:CAE – Get Rating) (TSE:CAE) has been assigned a consensus rating of "Hold" from the eleven research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.28.
Several brokerages have weighed in on CAE. TD Securities lowered their target price on shares of CAE from C$41.00 to C$34.00 in a research note on Thursday, August 11th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Monday, June 6th. Desjardins raised their target price on shares of CAE from C$37.00 to C$40.00 in a research note on Friday, June 3rd. Scotiabank lowered their target price on shares of CAE from C$43.50 to C$37.50 in a research note on Thursday, August 11th. Finally, BMO Capital Markets lowered their target price on shares of CAE from C$36.00 to C$33.00 in a research note on Friday, August 26th.
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CAE Stock Performance
CAE stock opened at $17.91 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.79. CAE has a 1-year low of $17.39 and a 1-year high of $34.19. The firm has a market capitalization of $5.69 billion, a P/E ratio of 77.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56. The company's 50-day moving average is $22.44 and its 200 day moving average is $24.09.
CAE (NYSE:CAE – Get Rating) (TSE:CAE) last issued its earnings results on Wednesday, August 10th. The aerospace company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.16). The company had revenue of $933.40 million for the quarter, compared to analysts' expectations of $936.30 million. CAE had a return on equity of 5.50% and a net
margin of 2.74%. The business's revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Research analysts forecast that CAE will post 0.72 EPS for the current year.
Institutional Trading of CAE
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its position in CAE by 13.8% during the second quarter. Mackenzie Financial Corp now owns 28,687,497 shares of the aerospace company's stock worth $706,936,000 after acquiring an additional 3,475,162 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its position in CAE by 15.9% during the first quarter. Beutel Goodman & Co Ltd. now owns 11,907,474 shares of the aerospace company's stock worth $310,074,000 after acquiring an additional 1,637,622 shares during the last quarter. Royal Bank of Canada boosted its position in CAE by 7.8% during the first quarter. Royal Bank of Canada now owns 9,737,158 shares of the aerospace company's stock worth $253,946,000 after acquiring an additional 706,627 shares during the last quarter. Vanguard Group Inc. boosted its position in CAE by 1.1% during the first quarter. Vanguard Group Inc. now owns 9,527,693 shares of the aerospace company's stock worth $248,482,000 after acquiring an additional 107,845 shares during the last quarter. Finally, Invesco Ltd. boosted its position in CAE by 11.3% during the first quarter. Invesco Ltd. now owns 8,255,696 shares of the aerospace company's stock worth $215,308,000 after acquiring an additional 834,889 shares during the last quarter. Hedge funds and other institutional investors own 60.92% of the company's stock.
About CAE
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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.
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