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

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several research firms have recently issued reports on CAE. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd.

CAE Stock Up 0.6 %

CAE opened at $24.39 on Friday. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $25.53. The firm has a market capitalization of $7.80 billion, a P/E ratio of -31.68, a PEG ratio of 1.81 and a beta of 1.72. The company’s 50-day moving average is $23.93 and its 200 day moving average is $20.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

Hedge Funds Weigh In On CAE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Bank of Montreal Can lifted its stake in shares of CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after buying an additional 77,489 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of CAE during the third quarter worth $2,432,000. Pinnacle Associates Ltd. boosted its holdings in shares of CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after acquiring an additional 32,328 shares during the period. Geode Capital Management LLC grew its position in shares of CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares in the last quarter. Finally, Nexus Investment Management ULC raised its stake in shares of CAE by 2.8% during the 3rd quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock valued at $27,950,000 after purchasing an additional 40,000 shares during the period. Institutional investors own 67.36% of the company’s stock.

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.