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CAE $14.95   View long term graphs

CAE Inc.
Type
Public
Traded as TSX: CAE
NYSE: CAE
Industry Aerospace
Founded Saint-Hubert, Quebec, Canada (1947)
Founder Ken Patrick
Headquarters Montreal, Quebec, Canada
Key people
Marc Parent (CEO)
Products Full flight simulators, Visual Solutions, Commercial Aviation Training, Military Training, Healthcare Simulation Solutions, Public Safety and Security Solutions
Revenue Increase $2.705 billion CAD (2017)
Number of employees
8500 (2017)
Divisions Civil Aviation Training Solutions, Defence & Security, CAE Healthcare
Website http://www.cae.com/

CAE Inc. (formerly Canadian Aviation Electronics) is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, defense customers, and healthcare specialists. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries. In 2017, the company's annual revenue was CAD $2.705 billion.

CAE sells flight simulators and training devices to airlines, aircraft manufacturers and training centres. It licenses its simulation software to various market segments and has a professional services division.

The simulators include basic training devices CAE 400XR and CAE 500XR, and full-motion products such as the CAE 3000, CAE 5000 and CAE 7000XR. These simulators are available for commercial use. In 2016, the company sold 53 Full-Flight Simulators.

In 2001, CAE Inc. acquired BAE Systems's Flight Simulation and Training division, formerly known as Reflectone Inc, a publicly listed company founded in 1939, and based in Tampa, Florida. Reflectone sold flight simulators to the military and provided pilot training on its premises.

CAE conducts airline pilot training and business jet pilot training in its 50 aviation training centres worldwide.

In the United States, the firm is a supplier of initial and recurrency training for airlines such as JetBlue and non-airline based companies, including charter and cargo operators. In December 2001 the firm acquired Simuflite training centers in Dallas, Texas and Morristown, New Jersey, which are now called CAE SimuFlite. The facility at Dallas/Fort Worth International Airport is the largest business aviation training facility in the world at 426,000 sq ft (39,600 m), with 34 simulators and approximately 450 employees.

In February 2016, CAE Inc. acquired one of its competitors, Lockheed Martin Commercial Flight Training, formerly known as Sim-Industries.

CAE also operates the CAE Oxford Aviation Academy, the largest ab initio flight training network in the world, with a fleet of over 220 aircraft and seven campuses worldwide.

Academies include:

In 2011, CAE decided to leverage its experience in aviation and simulation-based training to enter a new emerging market: simulation-based medical education.

CAE purchased Medical Education Technologies Inc. (METI), a Sarasota-based company renowned notably for its innovative patient simulator, the HPS. This acquisition brought a direct sales force in the U.S., close customer relationships and a worldwide distributor network. Today, CAE's healthcare simulation solutions business unit is a global leader in medical simulation training technology to improve patient safety in clinical settings.

The CEO, Marc Parent, was named in this role in October 2009. He has more than 25 years of experience in the aerospace industry. Born in Montreal, Mr. Parent is a graduate of Mechanical Engineering from Montreal’s École Polytechnique and of the Harvard Business School’s Advanced Management Program.

In October 2008, CAE was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-11-09 Future report Set alerts
Q1 2020 2020-08-12 -0.11 -0.42
Q4 2019 2020-05-22 0.46 0.29
Q3 2019 2020-02-07 0.37 0.37
Q2 2019 2019-11-13 0.28 0.28
Q1 2019 2019-08-14 0.24 0.23
Q4 2018 2019-05-17 0.46 0.46
Q3 2018 2019-02-08 0.29 0.29
Q2 2018 2018-11-13 0.23 0.23
Q1 2018 2018-08-14 0.26 0.26

Ratings

2016-05-27 Upgrade Macquarie Neutral to Outperform
2016-05-20 Downgrade BMO Capital Markets Outperform to Market Perform
2016-05-20 Reiterated Rating TD Securities Buy $17.00 to $19.00
2016-05-17 Reiterated Rating RBC Capital Outperform $17.00
2016-05-17 Reiterated Rating Royal Bank Of Canada Outperform $17.00
2016-05-06 Upgrade National Bank Financial Sector Perform to Outperform
2016-03-28 Reiterated Rating Canaccord Genuity Hold
2016-02-12 Upgrade BMO Capital Markets Market Perform to Outperform
2016-02-11 Reiterated Rating Raymond James Market Perform $16.00 to $15.00
2016-02-11 Reiterated Rating Raymond James Financial Inc. Market Perform $16.00 to $15.00
2016-02-02 Reiterated Rating RBC Capital Outperform $17.00
2016-01-19 Downgrade Scotiabank Sector Outperform to Sector Perform
2016-01-04 Upgrade CIBC Sector Perform to Sector Outperform
2015-11-11 Reiterated Rating Canaccord Genuity Buy
2015-11-06 Reiterated Rating TD Securities Buy $17.00 to $17.50
2015-08-13 Lower Price Target TD Securities $17.50 to $17.00
2015-08-13 Reiterated Rating Canaccord Genuity Buy $17.00 to $18.00
2015-08-13 Upgrade Desjardins Hold to Buy $16.50 to $17.00
2015-05-27 Reiterated Rating Scotiabank Sector Outperform
2015-05-26 Reiterated Rating Canaccord Genuity Buy
2015-02-09 Downgrade National Bank Financial Sector Perform
2015-02-09 Downgrade Desjardins Hold
2015-02-09 Downgrade BMO Capital Markets Market Perform
2015-02-08 Reiterated Rating Canaccord Genuity Buy $16.00
2014-11-13 Reiterated Rating Scotiabank Sector Outperform
2014-11-13 Upgrade Canaccord Genuity Hold to Buy
2014-10-08 Reiterated Rating Scotiabank Sector Outperform
2014-08-14 Lower Price Target CIBC C$16.75 to C$16.25
2014-08-14 Lower Price Target Raymond James Market Perform C$16.00 to C$14.50
2014-08-14 Lower Price Target Desjardins Buy C$17.00 to C$16.00
2014-05-20 Boost Price Target CIBC Sector Perform C$16.25 to C$16.75
2014-05-20 Upgrade Desjardins Hold to Buy
2014-05-16 Boost Price Target RBC Capital Outperform C$16.00 to C$17.00
2014-05-16 Boost Price Target TD Securities Hold C$14.50 to C$15.00
2014-05-09 Reiterated Rating Scotiabank Outperform C$17.00
2014-04-10 Boost Price Target BMO Capital Markets Outperform C$16.00 to C$16.50
2014-02-20 Upgrade Bank of America Underperform to Buy
2014-02-14 Boost Price Target CSFB Outperform C$13.00 to C$16.00
2014-02-12 Boost Price Target TD Securities Hold C$14.00 to C$14.50
2014-02-12 Lower Price Target Canaccord Genuity Hold C$15.50 to C$15.00
2014-02-12 Boost Price Target Desjardins Hold C$14.50 to C$16.00
2014-02-12 Boost Price Target Paradigm Capital Hold C$12.50 to C$13.00
2014-02-12 Boost Price Target Raymond James Market Perform C$12.50 to C$16.00
2014-02-12 Reiterated Rating Scotiabank Sector Outperform C$14.00 to C$17.00
2014-01-27 Boost Price Target Raymond James Outperform C$14.00 to C$16.00
2014-01-27 Boost Price Target RBC Capital Outperform $14.00 to $16.00
2014-01-22 Downgrade Canaccord Genuity Buy to Hold $13.50 to $15.50
2014-01-21 Upgrade National Bank Financial Outperform
2013-11-14 Upgrade RBC Capital Mkts Sector Perform to Outperform
2013-11-14 Boost Price Target CIBC Sector Perform C$12.50 to C$13.00
2013-11-14 Boost Price Target Raymond James Market Perform C$12.00 to C$12.50
2013-11-14 Boost Price Target Scotiabank Outperform C$13.00 to C$14.00
2013-11-14 Downgrade TD Securities Buy to Hold $13.50 to $13.00
2013-11-14 Upgrade RBC Capital Sector Perform to Outperform $13.00 to $14.00
2013-11-08 Boost Price Target RBC Capital Sector Perform $12.00 to $13.00
2013-10-21 Upgrade BMO Capital Markets Market Perform to Outperform
2013-08-09 Downgrade BMO Capital Markets Outperform to Market Perform $13 to $12.50
2010-06-23 Initiated BMO Capital Markets Outperform
2016-05-27 Upgrade Macquarie Neutral to Outperform
2016-05-20 Downgrade BMO Capital Markets Outperform to Market Perform
2016-05-20 Reiterated Rating TD Securities Buy $17.00 to $19.00
2016-05-17 Reiterated Rating RBC Capital Outperform $17.00
2016-05-17 Reiterated Rating Royal Bank Of Canada Outperform $17.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

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