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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.00.

CAE has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Asset Planning Inc acquired a new stake in shares of CAE during the 4th quarter worth approximately $30,000. Natixis bought a new stake in CAE during the fourth quarter worth $38,000. UniSuper Management Pty Ltd acquired a new stake in shares of CAE in the 4th quarter valued at $147,000. Allworth Financial LP increased its stake in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of CAE in the 3rd quarter valued at $197,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 1.7 %

CAE stock opened at $25.13 on Friday. The company has a market cap of $8.05 billion, a price-to-earnings ratio of -48.32, a P/E/G ratio of 1.94 and a beta of 1.74. CAE has a one year low of $15.95 and a one year high of $27.62. The firm has a 50-day moving average of $24.47 and a 200-day moving average of $22.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, equities analysts expect that CAE will post 0.83 earnings per share for the current fiscal year.

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.