CAE (NYSE:CAE) Price Target Raised to $32.00

CAE (NYSE:CAE) (TSE:CAE) had its price objective boosted by The Goldman Sachs Group from $28.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.00.

CAE Stock Performance

CAE stock opened at $25.50 on Tuesday. The firm’s 50 day simple moving average is $24.27 and its 200-day simple moving average is $20.98. The company has a market cap of $8.15 billion, a P/E ratio of -49.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

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

Institutional Trading of CAE

Institutional investors have recently added to or reduced their stakes in the business. Asset Planning Inc acquired a new stake in CAE in the fourth quarter valued at approximately $30,000. Natixis acquired a new stake in CAE in the fourth quarter valued at approximately $38,000. Cromwell Holdings LLC lifted its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE in the third quarter valued at approximately $74,000. Finally, UniSuper Management Pty Ltd acquired a new stake in CAE in the fourth quarter valued at approximately $147,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.