Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the firm. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.75.
A number of analysts have recently issued reports on CAE shares. Zacks Investment Research upgraded shares of CAE from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. RBC Capital Markets lowered shares of CAE from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $19.00 to $20.00 in a research note on Friday, November 11th. They noted that the move was a valuation call. Royal Bank Of Canada lowered shares of CAE from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $19.00 to $20.00 in a research note on Friday, November 11th. Finally, CIBC lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, November 11th.
Hedge funds have recently added to or reduced their stakes in the stock. CGOV Asset Management acquired a new stake in CAE during the third quarter valued at $151,995,000. Mackenzie Financial Corp acquired a new stake in CAE during the second quarter valued at $75,492,000. The Manufacturers Life Insurance Company acquired a new stake in CAE during the third quarter valued at $24,088,000. Mondrian Investment Partners LTD raised its stake in CAE by 6.4% in the second quarter. Mondrian Investment Partners LTD now owns 16,284,223 shares of the company’s stock valued at $254,197,000 after buying an additional 981,915 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in CAE during the fourth quarter valued at $9,378,000. Hedge funds and other institutional investors own 58.89% of the company’s stock.
Shares of CAE (NYSE:CAE) opened at 14.29 on Friday. The firm has a market cap of $3.84 billion, a PE ratio of 21.85 and a beta of 0.89. CAE has a 1-year low of $9.34 and a 1-year high of $14.89. The stock has a 50 day moving average of $14.11 and a 200 day moving average of $14.03.
CAE (NYSE:CAE) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $635.50 million for the quarter, compared to analyst estimates of $494.02 million. CAE had a net margin of 8.90% and a return on equity of 13.19%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Equities research analysts anticipate that CAE will post $0.75 earnings per share for the current fiscal year.
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.