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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.75.

Several equities analysts have issued reports on CAE shares. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd.

CAE Price Performance

Shares of CAE opened at $19.29 on Wednesday. CAE has a 52-week low of $18.26 and a 52-week high of $25.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. The business’s 50 day moving average price is $19.52 and its two-hundred day moving average price is $20.37. The firm has a market cap of $6.14 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The firm had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. On average, equities analysts anticipate that CAE will post 0.85 EPS for the current year.

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in CAE in the 3rd quarter valued at $29,000. Hillsdale Investment Management Inc. raised its position in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after buying an additional 500 shares during the last quarter. Allworth Financial LP raised its position in CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,343 shares during the last quarter. Finally, Spire Wealth Management raised its position in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after buying an additional 697 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Company Profile

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.