CAE’s (CAE) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report released on Wednesday,Benzinga reports. They currently have a $43.00 price objective on the aerospace company’s stock.

A number of other equities research analysts have also recently issued reports on CAE. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Price Performance

Shares of CAE opened at $24.33 on Wednesday. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The stock has a 50 day simple moving average of $24.30 and a 200 day simple moving average of $21.73. The firm has a market capitalization of $7.78 billion, a PE ratio of -46.78, a P/E/G ratio of 1.94 and a beta of 1.74.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CAE. Nomura Holdings Inc. acquired a new stake in shares of CAE during the 4th quarter worth $201,771,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of 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 worth $784,651,000 after purchasing an additional 6,313,165 shares in the last quarter. Browning West LP acquired a new stake in shares of CAE during the 4th quarter worth $150,629,000. Select Equity Group L.P. grew its holdings in shares of 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 worth $171,093,000 after purchasing an additional 5,462,455 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of CAE during the 4th quarter worth $98,436,000. Institutional investors own 67.36% of the company’s stock.

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.