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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $30.25.

A number of equities research analysts recently issued reports on the company. StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. The Goldman Sachs Group lifted their target price on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Desjardins cut CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group started coverage on shares of CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 price objective on the stock.

CAE Price Performance

NYSE:CAE opened at $16.75 on Friday. The business’s 50-day moving average is $18.25 and its 200 day moving average is $19.18. CAE has a 12 month low of $15.95 and a 12 month high of $25.04. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $5.35 billion, a P/E ratio of -23.26, a P/E/G ratio of 1.25 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The business had revenue of $835.47 million during the quarter, compared to the consensus estimate of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same period in the previous year, the business posted $0.26 EPS. On average, equities research analysts forecast that CAE will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of CAE

Several institutional investors have recently added to or reduced their stakes in CAE. Massmutual Trust Co. FSB ADV increased its stake in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the period. Ridgewood Investments LLC acquired a new stake in CAE in the 2nd quarter valued at about $33,000. Hillsdale Investment Management Inc. raised its holdings in CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. Spire Wealth Management lifted its stake in CAE by 52.8% in the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 697 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.