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

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

Several analysts have recently weighed in on CAE shares. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th.

Institutional Investors Weigh In On CAE

Several large investors have recently modified their holdings of CAE. Vident Advisory LLC lifted its stake in shares of CAE by 34.4% in the 4th quarter. Vident Advisory LLC now owns 374,393 shares of the aerospace company’s stock valued at $9,502,000 after purchasing an additional 95,905 shares during the period. Two Sigma Advisers LP lifted its stake in CAE by 212.1% in the fourth quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company’s stock valued at $4,467,000 after buying an additional 119,600 shares during the period. Two Sigma Investments LP boosted its holdings in shares of CAE by 255.7% during the 4th quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company’s stock worth $13,328,000 after buying an additional 377,499 shares in the last quarter. Select Equity Group L.P. grew its position in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock worth $171,093,000 after buying an additional 5,462,455 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of CAE by 10.6% in the 4th quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company’s stock valued at $1,299,000 after acquiring an additional 4,900 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

NYSE CAE opened at $24.53 on Friday. The firm’s fifty day moving average price is $24.38 and its two-hundred day moving average price is $22.01. The stock has a market cap of $7.86 billion, a PE ratio of -47.18, a PEG ratio of 1.94 and a beta of 1.74. 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 fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share 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%. On average, equities analysts expect that CAE will post 0.83 EPS for the current fiscal year.

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.