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

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.00.

CAE has been the topic of several research reports. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their target price on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

CAE Trading Down 0.3 %

Shares of CAE stock opened at $24.53 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The business has a fifty day simple moving average of $24.38 and a two-hundred day simple moving average of $22.01. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -47.18, a P/E/G ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, February 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 negative net margin of 4.96% and a positive return on equity of 6.11%. Research analysts forecast that CAE will post 0.83 EPS for the current year.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently bought and sold shares of the company. Asset Planning Inc acquired a new position in CAE during the fourth quarter valued at approximately $30,000. Natixis acquired a new position in shares of CAE during the 4th quarter worth $38,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE during the 4th quarter worth $147,000. Allworth Financial LP lifted its position in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the last quarter. Finally, Centiva Capital LP bought a new position in CAE in the third quarter valued at about $197,000. 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.