CAE (NYSE:CAE) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

CAE (NYSE:CAE) (TSE:CAE) had its price objective upped by The Goldman Sachs Group from $28.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 19.60% from the stock’s current price.

CAE has been the topic of several other reports. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Stock Down 0.1 %

CAE stock traded down $0.03 during midday trading on Tuesday, hitting $26.76. The company’s stock had a trading volume of 1,007,864 shares, compared to its average volume of 538,528. The company has a market cap of $8.55 billion, a PE ratio of -34.75, a P/E/G ratio of 1.79 and a beta of 1.72. CAE has a 12 month low of $15.95 and a 12 month high of $27.62. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average is $24.12 and its 200-day moving average is $20.84.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. On average, equities research analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Planning Inc purchased a new stake in shares of CAE in the 4th quarter worth $30,000. Natixis purchased a new stake in shares of CAE in the 4th quarter worth $38,000. Cromwell Holdings LLC increased its stake in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of CAE in the 3rd quarter worth $74,000. Finally, UniSuper Management Pty Ltd purchased a new stake in CAE in the 4th quarter worth $147,000. 67.36% of the stock is currently 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.