Brokerages Set CAE Inc. (NYSE:CAE) Price Target at $32.00

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of equities analysts recently commented on the company. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Institutional Investors Weigh In On CAE

Several large investors have recently modified their holdings of the stock. Asset Planning Inc acquired a new stake in CAE during the 4th quarter valued at $30,000. Natixis bought a new position in CAE during the fourth quarter worth about $38,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE during the 4th quarter worth about $147,000. Allworth Financial LP increased its stake in CAE by 14.2% in the fourth 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 in the last quarter. Finally, Centiva Capital LP acquired a new position in CAE in the third quarter valued at about $197,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Down 1.7 %

Shares of CAE stock opened at $25.13 on Friday. The stock has a 50-day moving average price of $24.47 and a 200 day moving average price of $22.20. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The company has a market cap of $8.05 billion, a P/E ratio of -48.32, a P/E/G ratio of 1.94 and a beta of 1.74. CAE has a 1 year low of $15.95 and a 1 year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data 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, analysts expect that CAE will post 0.83 EPS for the current fiscal year.

About CAE

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.