CAE Inc. (NYSE:CAE) Given Consensus Rating of “Hold” by Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.00.

A number of equities research analysts have weighed in on CAE shares. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

CAE Stock Down 3.4 %

CAE stock opened at $24.46 on Friday. The company’s 50 day moving average is $24.50 and its 200 day moving average is $22.26. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -47.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE has a 1-year low of $15.95 and a 1-year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results 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 negative net margin of 4.96% and a positive return on equity of 6.11%. Sell-side analysts predict that CAE will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAE. Bank of Montreal Can increased its position in shares of 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 period. Intech Investment Management LLC bought a new stake in shares of CAE in the third quarter worth about $2,432,000. Geode Capital Management LLC increased its holdings in CAE by 8.2% during the 3rd 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 during the period. Sanctuary Advisors LLC bought a new position in CAE during the 3rd quarter valued at approximately $453,000. Finally, Plato Investment Management Ltd purchased a new stake in CAE in the 4th quarter worth approximately $846,000. 67.36% of the stock is currently 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.