The Goldman Sachs Group Issues Positive Forecast for CAE (NYSE:CAE) Stock Price

CAE (NYSE:CAE) (TSE:CAE) had its price target hoisted by The Goldman Sachs Group from $28.00 to $32.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

CAE has been the topic of a number of other research reports. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a report 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 report on Tuesday. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Trading Down 0.1 %

NYSE:CAE opened at $26.76 on Tuesday. 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 stock has a market capitalization of $8.55 billion, a PE ratio of -34.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.72. The firm’s 50 day moving average is $24.18 and its 200 day moving average is $20.91. CAE has a 12 month low of $15.95 and a 12 month high of $27.62.

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, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. Sell-side analysts expect that CAE will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Planning Inc purchased a new stake in CAE during the fourth quarter valued at about $30,000. Natixis purchased a new stake in CAE during the fourth quarter valued at about $38,000. Cromwell Holdings LLC boosted its position in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares during the period. Venturi Wealth Management LLC purchased a new stake in CAE during the third quarter valued at about $74,000. Finally, UniSuper Management Pty Ltd purchased a new stake in CAE during the fourth quarter valued at about $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.