The stock of CAE Inc. (NYSE:CAE) last traded at $20.47, up 1.34% from the previous session.
Data from the available sources indicates that CAE Inc. (NYSE:CAE) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $26.58 and a low of $22.49, we find $24.88. Given the previous closing price of $20.20, this indicates a potential upside of 23.17 percent. CAE stock price is now 1.93% away from the 50-day moving average and -6.31% away from the 200-day moving average. The market capitalization of the company currently stands at $6.39B.
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In total, 2 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $25.00 as their price target over the next twelve months.
, while ‘BofA Securities’ rates the stock as ‘Neutral’.
A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CAE stock. A new stake in CAE Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $13,485,000. COVEA FINANCE invested $5,936,000 in shares of CAE during the first quarter. In the first quarter, COOMBE, BENDER & CO LLC acquired a new stake in CAE Inc. valued at approximately $3,192,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in CAE for approximately $2,833,000. OSSIAM purchased a new stake in CAE valued at around $1,918,000 in the second quarter. In total, there are 362 active investors with 73.30% ownership of the company’s stock.
With an opening price of $20.07 on Tuesday morning, CAE Inc. (NYSE: CAE) set off the trading day. During the past 12 months, CAE Inc. has had a low of $15.23 and a high of $27.97. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.00, and a quick ratio of 0.80. The fifty day moving average price for CAE is $20.11 and a two-hundred day moving average price translates $21.82 for the stock.
The latest earnings results from CAE Inc. (NYSE: CAE) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.16 by -0.12. This compares to $0.04 EPS in the same period last year. The net profit margin was 3.40% and return on equity was 3.10% for CAE. The company reported revenue of $760.99 million for the quarter, compared to $647.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.55 percent. For the current quarter, analysts expect CAE to generate $698.09M in revenue.
CAE Inc.(CAE) Company Profile
CAE Inc., together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software. The Defense and Security segment offers training and mission support solutions for defense forces across multi-domain operations, OEMs, government agencies and public safety organizations. The Healthcare segment provides integrated education and training solutions, including interventional and imaging simulations, curricula, audiovisual debriefing solutions, center management platforms, and patient simulators for healthcare students and clinical professionals, hospital and university simulation centers, medical and nursing schools, paramedic organizations, defense forces, medical societies, public health agencies and OEMs. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in 1993. CAE Inc. was incorporated in 1947 and is headquartered in Saint-Laurent, Canada.
