CAE (NYSE:CAE) Hits New 1-Year High – Here’s What Happened

CAE Inc (NYSE:CAE) (TSE:CAE)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $30.44 and last traded at $30.6650, with a volume of 20330 shares traded. The stock had previously closed at $30.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAE shares. Zacks Research lowered CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada decreased their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Price Performance

The stock has a market cap of $10.00 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The business’s 50-day simple moving average is $27.54 and its two-hundred day simple moving average is $27.80.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The company had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.24 EPS. CAE’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts expect that CAE Inc will post 0.83 EPS for the current year.

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently modified their holdings of CAE. Brandes Investment Partners LP boosted its stake in CAE by 4.4% during the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after buying an additional 628,848 shares during the period. Browning West LP increased its stake in CAE by 131.4% in the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after purchasing an additional 7,800,012 shares during the period. Vanguard Group Inc. raised its holdings in CAE by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock valued at $389,430,000 after buying an additional 518,030 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of CAE by 0.6% during the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after acquiring an additional 45,754 shares during the last quarter. Finally, Snyder Capital Management L P raised its position in CAE by 12.4% during the 3rd quarter. Snyder Capital Management L P now owns 5,411,103 shares of the aerospace company’s stock valued at $160,385,000 after purchasing an additional 598,086 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Company Profile

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.