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CAE Inc.

CAE · NYSE

Market closed$24.69$0.030000 (+0.12%)After hours $24.67 · -0.07%

Key statistics

Previous close$24.66
Open$24.40
Day high$24.98
Day low$24.36
52-week high$34.24
52-week low$22.76
Market cap7.94B
Volume522.82K
Average volume874.25K
P/E ratio25.84
Forward P/E—
EPS0.96
Dividend yield0.00%

Market context

Why it moved

CAE's modest uptick was supported by the announcement of a Memorandum of Understanding with Saab to collaborate on Gripen fighter aircraft training and simulation capabilities in Canada, reinforcing the company's defense sector positioning amid its broader strategic transformation.

ReutersMarketbeatDefence IndustryLinkedinStatestreet

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026CAE Inc. closed essentially flat as investors weighed two contrasting developments: the company signed a high-profile MoU with Saab to collaborate on training, simulation, and mission support for the Gripen fighter jet in Canada — a strategic win that could anchor CAE in a major Canadian defense procurement — while Morgan Stanley downgraded CAE to Underweight, reflecting a more selective stance on aerospace and defense valuations after a strong sector run. The broader industrials sector has been a top performer year-to-date, up over 35%, with Morgan Stanley remaining constructive on A&D fundamentals but flagging CAE's valuation as stretched. Institutional interest has been building, with Goldman Sachs more than doubling its stake and new positions from Millennium Management and others, though the consensus analyst rating remains a cautious Hold with a $31.00 price target.

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July 16, 2026CAE Inc. edged higher after pulling back sharply on July 15 following Morgan Stanley's downgrade to Underweight and price target cut to C$37 from C$43, citing valuation concerns rather than weakening fundamentals. The downgrade came as Morgan Stanley turned more selective across aerospace and defense amid recent stock volatility, simultaneously cutting Loar Holdings and TransDigm to Equal-weight, while remaining broadly constructive on the sector. Despite the analyst action, the broader consensus still favors CAE with a Moderate Buy rating, and Morgan Stanley's own sector note highlighted durable aerospace demand and rising defense budgets as tailwinds. Adding to near-term attention, CAE announced plans to transfer its U.S. listing from NYSE to Nasdaq effective July 23.

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July 16, 2026CAE Inc. shares declined after Morgan Stanley downgraded the stock to Underweight from Equal Weight, cutting its Canadian dollar price target to C$37 from C$43. The downgrade came as part of a broader sector-wide reassessment, with Morgan Stanley growing more selective on aerospace and defense valuations despite maintaining a constructive long-term view on the industry. The move compounded existing technical pressure, as CAE had already slipped below its 200-day moving average earlier in the week, and notable insider selling over the past quarter has added to investor caution. The consensus among analysts remains 'Moderate Buy' with an average target of C$47.92, suggesting the Street is divided on near-term prospects. CAE also announced plans to transfer its U.S. listing from the NYSE to Nasdaq effective July 23.

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July 14, 2026CAE Inc. closed essentially flat on the NYSE, with shares holding near the $24.91 prior close, as investors digest a notable technical breakdown — the stock slipped below its 200-day moving average on the Toronto Stock Exchange (trading around C$35.24, down ~2.9% on the day in Canadian markets). Despite the technical pressure, analyst consensus remains constructive with a 'Buy' average rating and a C$48.91 average price target, well above current levels. A Yahoo Finance report also flagged CAE's track record of beating earnings estimates, keeping fundamental interest alive even as insider selling and a broader defense sector uncertainty — tied to U.S.-Iran conflict developments — weigh on sentiment.

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July 13, 2026CAE shares fell nearly 3% as investors continue to digest the company's ongoing transformation narrative following a disappointing FY2026 earnings report in May that sent shares down 14%. A notable structural development — CAE's announced plan to transfer its U.S. listing from the NYSE to Nasdaq — remains in focus, signaling a repositioning effort as part of its broader multi-year transformation plan. Analysts maintain a consensus price target of ~$31, implying meaningful upside, but sentiment remains cautious amid execution uncertainty and broader defense sector volatility tied to U.S.-Iran geopolitical tensions.

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July 10, 2026CAE Inc. closed modestly lower as investors digested the company's announcement to transfer its U.S. listing from the NYSE to the Nasdaq Global Select Market effective July 23, framing the move as part of its broader transformation plan focused on operational efficiency and technology alignment. Analyst sentiment remains mixed — nine brokerages hold a consensus "Moderate Buy" with a $31 target, while RBC trimmed its target and Jefferies maintained a hold, even as CAE's most recent quarter beat estimates on both EPS ($0.31 vs. $0.30) and revenue ($953.79M vs. $924.83M), with FY2027 EPS guidance set at $0.88–$0.93.

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July 9, 2026CAE Inc. closed modestly higher as investors digested a major corporate announcement: the company revealed it will voluntarily transfer its U.S. stock exchange listing from the NYSE to the Nasdaq Global Select Market, with trading on Nasdaq expected to begin July 23. CAE framed the move as part of its broader transformation plan, aligning its market positioning with its identity as a global technology and simulation leader. The announcement comes amid supportive sector tailwinds — the Industrials sector has been one of 2026's top performers, and rising global defense spending continues to benefit aerospace and defense names — though geopolitical volatility tied to renewed U.S.-Iran tensions adds near-term uncertainty.

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July 8, 2026CAE Inc. shares declined on Wednesday, closing down about 1%, as broader market risk-off sentiment weighed on industrials after President Trump declared the Iran ceasefire deal 'over,' sending oil surging 5%+ and triggering a global selloff. Despite the macro headwinds, CAE's underlying narrative remains constructive — investors have been responding positively to the company's defense and civil aviation training transformation plans, with shares having surged 4.5% just two days prior. Analyst consensus targets around $31 imply meaningful upside, and the flight simulator market's projected growth to $9.77B by 2031 supports long-term demand for CAE's simulation and training solutions.

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The Globe and Mail · July 17, 2026Saab ready to work with CAE on training, support if Ottawa chooses Gripen jetsInvesting.com · July 17, 2026CAE and Saab sign MoU for Gripen training in CanadaDefence Industry Europe · July 17, 2026CAE and Saab agree Gripen training and mission support framework for Canada, linking fighter offer to local industrial capabilityInvesting News Network · July 17, 2026CAE and Saab sign MoU to collaborate on comprehensive training and mission support solutions for the GripenInvesting News Network · July 9, 2026CAE to transfer U.S. stock exchange listing to NasdaqStock Titan · June 25, 2026TIME names CAE among the world’s 750 most sustainable companiesInvesting.com · May 26, 2026RBC cuts CAE stock price target on execution visibility concernsMoomoo · May 25, 2026TD Cowen Maintains CAE Inc(CAE.US) With Buy Rating, Cuts Target Price to $31.14
Mt Newswire · July 17, 2026CAE, Saab, Collaborate to Advance Training Capabilities For Gripen Fighter Jets
Mt Newswire · July 17, 2026CAE, Saab Sign MoU to Explore Training, Mission Support for Gripen Aircraft in Canada
Benzinga · July 17, 2026CAE Strikes MoU With Saab Over Advanced Training, Simulation, Mission Support Capabilities For Gripen Fighter Aircraft In Canada
Mt Newswire · July 15, 2026CAE Shares Fall After Morgan Stanley Downgrade
Mt Newswire · July 15, 2026Morgan Stanley Downgrades CAE to Underweight From Equalweight, Adjusts Price Target to CA$37 From CA$43
Mt Newswire · July 9, 2026CAE to Delist Its US Shares from New York Stock Exchange, Begin Nasdaq Trading July 23
Mt Newswire · July 9, 2026CAE to Transfer Listing to Nasdaq from NYSE
Benzinga · July 9, 2026CAE To Voluntarily Transfer Its US Stock Exchange Listing From NYSE To Nasdaq

Peers

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