CAE Inc. (NYSE:CAE) Receives $25.00 Consensus Target Price from Brokerages

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.00.

Several brokerages have commented on CAE. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

CAE Stock Up 1.2 %

Shares of NYSE CAE opened at $23.55 on Thursday. CAE has a 52 week low of $15.95 and a 52 week high of $24.02. The business has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $19.06. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The company has a market cap of $7.50 billion, a P/E ratio of -30.58, a P/E/G ratio of 1.73 and a beta of 1.74.

Institutional Trading of CAE

Large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its position in shares of CAE by 1.6% during the 3rd 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. Canada Pension Plan Investment Board lifted its position in CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after buying an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in CAE by 20.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock worth $3,906,000 after buying an additional 35,222 shares during the last quarter. Clearline Capital LP bought a new stake in CAE in the 2nd quarter worth approximately $2,290,000. Finally, Intech Investment Management LLC bought a new stake in CAE in the 3rd quarter worth approximately $2,432,000. Institutional investors own 67.36% of the company’s stock.

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, 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.