CAE Inc. (NYSE:CAE – Get Rating) (TSE:CAE) has received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.33.
A number of research firms have recently weighed in on CAE. Desjardins lifted their target price on CAE from C$37.00 to C$40.00 in a report on Friday. Scotiabank decreased their price target on CAE from C$44.00 to C$43.00 in a research report on Monday, April 18th. StockNews.com began coverage on CAE in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TD Securities raised their price target on CAE from C$39.00 to C$41.00 in a research report on Thursday. Finally, Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th.
CAE opened at $26.93 on Monday. CAE has a fifty-two week low of $20.96 and a fifty-two week high of $34.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market capitalization of $8.54 billion, a P/E ratio of 76.95, a P/E/G ratio of 3.78 and a beta of 1.58. The stock has a fifty day moving average of $25.01 and a 200-day moving average of $25.14.
CAE (NYSE:CAE – Get Rating) (TSE:CAE) last posted its earnings results on Tuesday, May 31st. The aerospace company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. CAE had a return on equity of 6.79% and a net margin of 4.21%. The company had revenue of $955.00 million during the quarter, compared to the consensus estimate of $952.02 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts predict that CAE will post 0.89 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of CAE by 53.9% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 434 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of CAE by 2.5% during the first quarter. Crossmark Global Holdings Inc. now owns 20,060 shares of the aerospace company’s stock worth $523,000 after purchasing an additional 490 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of CAE by 17.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock worth $89,000 after purchasing an additional 524 shares during the last quarter. Signaturefd LLC grew its holdings in shares of CAE by 16.7% during the first quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 552 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of CAE by 23.4% during the third quarter. US Bancorp DE now owns 3,205 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.
CAE Company Profile (Get Rating)
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.
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Source: defenseworld.net
