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

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

CAE has been the topic of a number of recent analyst reports. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. TD Securities cut CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada raised their target price on CAE from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of CAE in the 3rd quarter valued at about $2,432,000. Pinnacle Associates Ltd. grew its position in shares of CAE by 3.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after buying an additional 32,328 shares during the period. Geode Capital Management LLC raised its stake in shares of CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after buying an additional 103,081 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in CAE in the third quarter valued at approximately $453,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Price Performance

Shares of CAE stock opened at $24.92 on Tuesday. The stock’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $21.16. CAE has a one year low of $15.95 and a one year high of $27.62. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -47.91, a P/E/G ratio of 1.94 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, analysts expect that CAE will post 0.83 earnings per share 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.