CAE Inc. (NYSE:CAE) Receives Consensus Rating of “Hold” from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd.

Institutional Trading of CAE

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in CAE during the 3rd quarter worth $453,000. Toronto Dominion Bank increased its holdings in shares of CAE by 40.6% in the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after acquiring an additional 103,081 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CAE in the third quarter valued at about $4,857,000. Finally, National Bank of Canada FI increased its stake in CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after acquiring an additional 736,895 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.2 %

CAE stock opened at $24.33 on Monday. The stock has a market capitalization of $7.75 billion, a PE ratio of -31.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE has a 52 week low of $15.95 and a 52 week high of $25.53. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $22.39 and a 200 day moving average of $19.64.

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.