CAE Inc. (NYSE:CAE) Given Average Rating of “Hold” by Brokerages

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $25.00.

Several analysts have recently weighed in on the company. TD Securities cut CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Institutional Trading of CAE

Large investors have recently bought and sold shares of the business. Brandes Investment Partners LP lifted its position in shares of CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after acquiring an additional 5,640,269 shares during the period. Earnest Partners LLC acquired a new position in shares of CAE during the second quarter valued at about $82,597,000. National Bank of Canada FI raised its holdings in shares of 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 valued at $117,023,000 after purchasing an additional 736,895 shares during the period. American Century Companies Inc. grew its stake in shares of CAE by 67.9% in the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after buying an additional 657,227 shares during the period. Finally, Toronto Dominion Bank increased its position in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after buying an additional 412,906 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Trading Up 0.5 %

Shares of CAE stock opened at $23.77 on Monday. CAE has a twelve month low of $15.95 and a twelve month high of $25.53. The stock’s fifty day simple moving average is $22.80 and its 200 day simple moving average is $19.76. 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 market capitalization of $7.57 billion, a P/E ratio of -30.87, a P/E/G ratio of 1.73 and a beta of 1.72.

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.