CAE Inc. (NYSE:CAE) Receives Average Rating of “Hold” from Brokerages

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $25.00.

Several research firms have commented on CAE. Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAE. Ridgewood Investments LLC purchased a new stake in CAE in the second quarter worth $33,000. Cromwell Holdings LLC boosted its position in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 1,100 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CAE during the third quarter valued at approximately $74,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of CAE in the first quarter valued at approximately $77,000. Institutional investors own 67.36% of the company’s stock.

CAE Stock Down 1.1 %

Shares of CAE stock opened at $21.75 on Friday. CAE has a 52 week low of $15.95 and a 52 week high of $22.11. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $18.59. The stock has a market cap of $6.93 billion, a P/E ratio of -28.25, a PEG ratio of 1.60 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that CAE will post 0.85 EPS for the current fiscal year.

CAE Company Profile

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.