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

CAE Inc. (NYSE:CAE) (TSE:CAE) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.00.

A number of research analysts have recently weighed in on the stock. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. The Goldman Sachs Group upped their price target on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th.

CAE Stock Performance

Shares of NYSE CAE opened at $25.91 on Friday. CAE has a one year low of $15.95 and a one year high of $27.62. The business’s 50-day moving average price is $24.13 and its two-hundred day moving average price is $23.49. 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 company has a market capitalization of $8.30 billion, a P/E ratio of -49.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Analysts anticipate that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAE. Asset Planning Inc bought a new position in CAE during the fourth quarter worth $30,000. Natixis bought a new position in shares of CAE during the 4th quarter worth about $38,000. Versant Capital Management Inc acquired a new position in shares of CAE during the first quarter valued at about $53,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE in the fourth quarter valued at about $147,000. Finally, Allworth Financial LP grew its position in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

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.