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

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.00.

Several equities research analysts have recently commented on CAE shares. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th.

CAE Stock Performance

Shares of CAE stock opened at $23.77 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $19.76. CAE has a 12 month low of $15.95 and a 12 month high of $25.53. The firm has a market capitalization of $7.57 billion, a PE ratio of -30.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.72.

Hedge Funds Weigh In On CAE

Several institutional investors have recently modified their holdings of CAE. Brandes Investment Partners LP boosted its position in CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of CAE during the 2nd quarter worth $82,597,000. National Bank of Canada FI boosted its holdings in shares of CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after buying an additional 736,895 shares during the last quarter. American Century Companies Inc. grew its position in CAE by 67.9% during the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after buying an additional 657,227 shares during the period. Finally, Toronto Dominion Bank increased its holdings in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after buying an additional 412,906 shares during the last quarter. 67.36% of the stock is 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.