CAE Inc. (NYSE:CAE) Receives $25.00 Consensus PT from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.00.

Several brokerages have recently weighed in on CAE. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd.

Institutional Trading of CAE

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of CAE by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 295,414 shares of the aerospace company’s stock worth $7,498,000 after buying an additional 26,561 shares during the period. Summerhill Capital Management lnc. raised its holdings in CAE by 32.7% during the fourth quarter. Summerhill Capital Management lnc. now owns 252,202 shares of the aerospace company’s stock worth $6,398,000 after purchasing an additional 62,199 shares in the last quarter. Pembroke Management LTD raised its holdings in CAE by 102.8% during the fourth quarter. Pembroke Management LTD now owns 47,573 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 24,112 shares in the last quarter. Truist Financial Corp raised its holdings in CAE by 2.5% during the fourth quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company’s stock worth $1,600,000 after purchasing an additional 1,519 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in CAE by 25.6% during the fourth quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company’s stock worth $759,000 after purchasing an additional 6,100 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Up 0.9 %

Shares of CAE stock opened at $23.29 on Friday. The company’s 50-day moving average price is $23.94 and its 200-day moving average price is $20.43. 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 stock has a market cap of $7.44 billion, a price-to-earnings ratio of -30.25, a PEG ratio of 1.77 and a beta of 1.72. CAE has a twelve month low of $15.95 and a twelve month high of $25.53.

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.