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

Shares of CAE Inc. (NYSE:CAEGet Free Report) (TSE:CAE) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.00.

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Finally, Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Get Our Latest Stock Analysis on CAE

CAE Trading Down 0.4 %

NYSE CAE opened at $19.33 on Thursday. CAE has a one year low of $17.40 and a one year high of $25.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The business has a 50 day simple moving average of $19.29 and a 200 day simple moving average of $19.91. The stock has a market capitalization of $6.15 billion, a P/E ratio of -26.85, a P/E/G ratio of 1.49 and a beta of 1.66.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last announced its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The company had revenue of $835.47 million for the quarter, compared to analyst estimates of $863.18 million. During the same period last year, the business earned $0.26 EPS. Research analysts expect that CAE will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On CAE

A number of hedge funds have recently bought and sold shares of CAE. Hillsdale Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 500 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in CAE by 1.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock worth $718,000 after purchasing an additional 560 shares in the last quarter. Spire Wealth Management increased its stake 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. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 in the last quarter. Finally, Pacifica Partners Inc. grew its holdings in shares of CAE by 24.6% in the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 793 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Company Profile

(Get Free Report

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.

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Analyst Recommendations for CAE (NYSE:CAE)

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