CAE (NYSE:CAE) Reaches New 1-Year High – Here’s Why

CAE Inc. (NYSE:CAE) (TSE:CAE) shares hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $27.62 and last traded at $26.75, with a volume of 1854951 shares changing hands. The stock had previously closed at $23.51.

Analysts Set New Price Targets

Several analysts have recently commented on CAE shares. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Price Performance

The company has a market cap of $8.55 billion, a price-to-earnings ratio of -34.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.72. The company has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $20.77. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping 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 anticipate that CAE Inc. 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 company. Caisse DE Depot ET Placement DU Quebec boosted its position in CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after acquiring an additional 6,313,165 shares during the last quarter. Brandes Investment Partners LP lifted its stake in shares of CAE by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock worth $378,459,000 after purchasing an additional 221,205 shares during the period. Vanguard Group Inc. boosted its holdings in shares of CAE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after purchasing an additional 181,807 shares during the last quarter. National Bank of Canada FI grew its position in shares of CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after purchasing an additional 736,895 shares during the period. Finally, Snyder Capital Management L P increased its stake in CAE by 8.2% in the fourth quarter. Snyder Capital Management L P now owns 5,474,708 shares of the aerospace company’s stock valued at $138,948,000 after purchasing an additional 416,699 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Company Profile

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.