CAE (NYSE:CAE) Given New $27.00 Price Target at Jefferies Financial Group
by Scott Moore · The Cerbat GemCAE (NYSE:CAE – Get Free Report) (TSE:CAE) had its price objective reduced by Jefferies Financial Group from $31.00 to $27.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 0.41% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings lowered shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Stifel Nicolaus started coverage on shares of CAE in a research report on Wednesday, March 4th. They issued a “buy” rating on the stock. Canaccord Genuity Group initiated coverage on shares of CAE in a research note on Friday, March 13th. They issued a “buy” rating for the company. Finally, Zacks Research cut CAE from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.
Read Our Latest Research Report on CAE
CAE Stock Performance
NYSE CAE traded down $0.17 during trading on Friday, reaching $26.89. 524,284 shares of the company’s stock were exchanged, compared to its average volume of 734,574. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. CAE has a fifty-two week low of $22.96 and a fifty-two week high of $34.24. The business has a 50 day moving average price of $28.44 and a 200-day moving average price of $29.03. The stock has a market capitalization of $8.65 billion, a P/E ratio of 32.50, a PEG ratio of 3.11 and a beta of 1.13.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last released its quarterly earnings results on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $911.78 million for the quarter, compared to the consensus estimate of $922.62 million. CAE had a net margin of 7.70% and a return on equity of 7.75%. CAE’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. Sell-side analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CAE
Hedge funds have recently bought and sold shares of the business. Transamerica Financial Advisors LLC increased its stake in CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock worth $39,000 after buying an additional 799 shares during the period. Kestra Advisory Services LLC bought a new position in CAE in the fourth quarter worth approximately $41,000. CIBC Private Wealth Group LLC purchased a new position in CAE during the 3rd quarter worth $42,000. Brown Brothers Harriman & Co. purchased a new position in CAE during the 4th quarter worth $47,000. Finally, Purpose Unlimited Inc. bought a new stake in CAE during the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.
About CAE
CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.
In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.