CAE (NYSE:CAE) Given New $32.00 Price Target at The Goldman Sachs Group

CAE (NYSE:CAE) (TSE:CAE) had its price objective increased by The Goldman Sachs Group from $28.00 to $32.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other equities analysts have also recently commented on the stock. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upped their target price on shares of CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CAE presently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Price Performance

Shares of CAE stock opened at $25.50 on Tuesday. The firm has a fifty day simple moving average of $24.27 and a 200-day simple moving average of $20.98. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE has a 1-year low of $15.95 and a 1-year high of $27.62. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -49.03, a PEG ratio of 2.02 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data 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 negative net margin of 4.96% and a positive return on equity of 6.11%. On average, sell-side analysts expect that CAE will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently bought and sold shares of CAE. Asset Planning Inc bought a new stake in CAE in the 4th quarter valued at $30,000. Cromwell Holdings LLC increased its holdings in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares during the period. Natixis bought a new stake in CAE in the 4th quarter valued at $38,000. Venturi Wealth Management LLC bought a new stake in shares of CAE in the 3rd quarter worth about $74,000. Finally, Allworth Financial LP grew its holdings in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 1,327 shares during the last quarter. 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.