CAE Inc. (NYSE:CAE) Given Average Recommendation of “Hold” by Brokerages

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.00.

CAE has been the subject of a number of research analyst reports. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th.

CAE Stock Performance

NYSE:CAE opened at $18.60 on Wednesday. The firm’s 50-day moving average is $18.11 and its 200-day moving average is $18.59. The company has a market cap of $5.94 billion, a price-to-earnings ratio of -25.83, a PEG ratio of 1.33 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. CAE has a 52-week low of $15.95 and a 52-week high of $23.24.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. Equities research analysts anticipate that CAE will post 0.86 earnings per share for the current year.

Hedge Funds Weigh In On CAE

Institutional investors and hedge funds have recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in shares of CAE in the 2nd quarter valued at approximately $33,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the period. Lazard Asset Management LLC bought a new stake in shares of CAE during the first quarter worth $77,000. UniSuper Management Pty Ltd raised its holdings in shares of CAE by 104.5% during the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 2,300 shares during the period. Finally, Signaturefd LLC lifted its position in CAE by 23.1% in the 2nd quarter. Signaturefd LLC now owns 10,879 shares of the aerospace company’s stock valued at $202,000 after acquiring an additional 2,039 shares in the last quarter. Institutional investors and hedge funds 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.