CAE Inc. (NYSE:CAE) Receives Average Recommendation of “Hold” from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.00.

Several research analysts recently commented on CAE shares. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their price target on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd.

CAE Stock Performance

Shares of NYSE CAE opened at $24.92 on Tuesday. The business’s 50-day simple moving average is $24.33 and its 200-day simple moving average is $21.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE has a 52 week low of $15.95 and a 52 week high of $27.62. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -47.91, a P/E/G ratio of 1.94 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, equities research analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of CAE

A number of hedge funds have recently modified their holdings of CAE. Assenagon Asset Management S.A. raised its stake in shares of CAE by 15.8% in the third quarter. Assenagon Asset Management S.A. now owns 33,901 shares of the aerospace company’s stock valued at $637,000 after purchasing an additional 4,621 shares in the last quarter. Allworth Financial LP increased its holdings in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new position in shares of CAE in the 3rd quarter valued at $339,000. Galibier Capital Management Ltd. lifted its holdings in shares of CAE by 9.9% during the 3rd quarter. Galibier Capital Management Ltd. now owns 1,088,488 shares of the aerospace company’s stock worth $20,457,000 after acquiring an additional 97,876 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in shares of CAE by 3.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after acquiring an additional 32,328 shares in the last quarter. Institutional investors 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.