Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have received an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.20.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday. BidaskClub lowered shares of CAE from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st.
CAE (NYSE:CAE) opened at 17.00 on Friday. CAE has a 52 week low of $12.98 and a 52 week high of $17.88. The firm has a 50-day moving average price of $17.13 and a 200-day moving average price of $15.69. The firm has a market capitalization of $4.56 billion, a P/E ratio of 23.07 and a beta of 0.86.
CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, May 31st. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. CAE had a net margin of 9.30% and a return on equity of 13.96%. The firm had revenue of $734.70 million during the quarter, compared to analyst estimates of $748.41 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that CAE will post $0.86 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Cidel Asset Management Inc. boosted its position in shares of CAE by 1.4% in the second quarter. Cidel Asset Management Inc. now owns 164,753 shares of the aerospace company’s stock worth $2,837,000 after buying an additional 2,200 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of CAE by 0.6% in the second quarter. State of Wisconsin Investment Board now owns 286,706 shares of the aerospace company’s stock worth $4,936,000 after buying an additional 1,700 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of CAE by 87.6% in the second quarter. Advisors Asset Management Inc. now owns 16,237 shares of the aerospace company’s stock worth $280,000 after buying an additional 7,582 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of CAE during the second quarter worth $554,000. Finally, Trexquant Investment LP boosted its position in shares of CAE by 66.3% in the second quarter. Trexquant Investment LP now owns 18,800 shares of the aerospace company’s stock worth $324,000 after buying an additional 7,495 shares in the last quarter. 56.87% of the stock is currently owned by hedge funds and other institutional investors.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
Receive News & Ratings for CAE Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE Inc and related companies with MarketBeat.com's FREE daily email newsletter.
