Time to Reconsider CAE Inc. (CAE) After Making All Time High?

April 17, 2018 - By Peter Erickson

CAE Inc. (NYSE:CAE) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.10, from 1.29 in 2017Q3. It dived, as 10 investors sold CAE Inc. shares while 49 reduced holdings. 17 funds opened positions while 53 raised stakes. 128.20 million shares or 3.24% less from 132.48 million shares in 2017Q3 were reported.
Vanguard Inc accumulated 6.34 million shares or 0.01% of the stock. Captrust Advsr invested in 38 shares or 0% of the stock. Cibc Asset Mgmt, Ontario – Canada-based fund reported 110,136 shares. Guardian Capital Lp reported 9,850 shares. Manufacturers Life Ins The holds 0.05% in CAE Inc. (NYSE:CAE) or 2.47M shares. Magnetar Limited Liability Corporation stated it has 18,795 shares. Reilly Limited Liability has 1,050 shares. Envestnet Asset Management has 0.02% invested in CAE Inc. (NYSE:CAE). Moreover, Shell Asset Mgmt Co has 0.01% invested in CAE Inc. (NYSE:CAE). Germany-based Dekabank Deutsche Girozentrale has invested 0% in CAE Inc. (NYSE:CAE). Scotia Capital owns 0.19% invested in CAE Inc. (NYSE:CAE) for 774,390 shares. Raymond James & stated it has 43,674 shares. Td Asset Mngmt reported 7.33 million shares. 649,447 are held by Invesco Ltd. Korea Inv has invested 0% in CAE Inc. (NYSE:CAE).

The stock of CAE Inc. (NYSE:CAE) reached all time high today, Apr, 17 and still has $20.49 target or 4.00 % above today’s $19.70 share price. This indicates more upside for the $5.08B company. This technical setup was reported by Barchart.com. If the $20.49 PT is reached, the company will be worth $203.28M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.13% or $0.22 during the last trading session, reaching $19.7. About 79,065 shares traded. CAE Inc. (NYSE:CAE) has risen 20.70% since April 17, 2017 and is uptrending. It has outperformed by 9.15% the S&P500.

Analysts await CAE Inc. (NYSE:CAE) to report earnings on May, 30. They expect $0.24 EPS, up 4.35 % or $0.01 from last year’s $0.23 per share. CAE’s profit will be $61.91 million for 20.52 P/E if the $0.24 EPS becomes a reality. After $0.22 actual EPS reported by CAE Inc. for the previous quarter, Wall Street now forecasts 9.09 % EPS growth.

CAE Inc., together with its subsidiaries, designs, makes, and supplies simulation equipment worldwide. The company has market cap of $5.08 billion. It operates in three divisions: Civil Aviation Training Solutions, Defence and Security, and Healthcare. It has a 21.79 P/E ratio. The Civil Aviation Training Solutions 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.

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