CAE (NYSE:CAE) Price Target Raised to $43.00

CAE (NYSE:CAE) (TSE:CAE) had its price target hoisted by Royal Bank of Canada from $38.00 to $43.00 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the aerospace company’s stock.

Other research analysts have also issued reports about the stock. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Trading Down 1.6 %

NYSE:CAE opened at $25.50 on Tuesday. The company has a fifty day moving average of $24.27 and a 200 day moving average of $20.98. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.15 billion, a P/E ratio of -49.03, a P/E/G ratio of 2.02 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, research analysts predict that CAE will post 0.83 earnings per share for the current year.

Institutional Trading of CAE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. purchased a new stake in CAE during the 4th quarter valued at about $201,771,000. Caisse DE Depot ET Placement DU Quebec increased its stake in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock valued at $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. Browning West LP bought a new stake in CAE during the 4th quarter valued at about $150,629,000. Select Equity Group L.P. increased its stake in CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock valued at $171,093,000 after purchasing an additional 5,462,455 shares in the last quarter. Finally, Norges Bank bought a new stake in CAE during the 4th quarter valued at about $98,436,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.