Brokerages Set CAE Inc (NYSE:CAE) PT at $31.00

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) have been assigned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.00.

Several research firms have recently weighed in on CAE. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Weiss Ratings raised CAE from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $26.00 target price on shares of CAE in a report on Thursday, June 25th. Finally, National Bank Financial reissued an “outperform” rating on shares of CAE in a research note on Friday, May 22nd.

Hedge Funds Weigh In On CAE

Several institutional investors have recently made changes to their positions in CAE. Assenagon Asset Management S.A. raised its stake in CAE by 13.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 33,868 shares of the aerospace company’s stock worth $848,000 after buying an additional 4,017 shares during the period. Parallel Advisors LLC grew its stake in CAE by 46.6% in the first quarter. Parallel Advisors LLC now owns 2,509 shares of the aerospace company’s stock valued at $65,000 after acquiring an additional 797 shares during the period. Bank of America Corp DE increased its holdings in shares of CAE by 22.0% during the first quarter. Bank of America Corp DE now owns 1,701,002 shares of the aerospace company’s stock valued at $44,311,000 after acquiring an additional 307,265 shares in the last quarter. Anson Funds Management LP increased its holdings in shares of CAE by 93.1% during the first quarter. Anson Funds Management LP now owns 280,000 shares of the aerospace company’s stock valued at $7,296,000 after acquiring an additional 135,000 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of CAE by 6.1% during the first quarter. Janus Henderson Group PLC now owns 52,104 shares of the aerospace company’s stock worth $1,355,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Up 0.6%

CAE opened at $24.66 on Friday. CAE has a twelve month low of $22.76 and a twelve month high of $34.24. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $25.40 and a 200-day moving average of $27.94. The stock has a market cap of $7.93 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.87 and a beta of 1.01.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, May 21st. The aerospace company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. CAE’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. On average, sell-side analysts predict that CAE will post 0.88 EPS for the current year.

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.