CAE Inc. (NYSE:CAE) Given Consensus Rating of “Hold” by Analysts

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of research firms have commented on CAE. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group started coverage on shares of CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target on the stock.

Institutional Trading of CAE

Several hedge funds have recently made changes to their positions in CAE. Hillsdale Investment Management Inc. increased its stake in CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 500 shares during the last quarter. Spire Wealth Management increased its position in shares of CAE by 52.8% during the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the period. Confluence Investment Management LLC lifted its position in CAE by 3.5% in the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after buying an additional 857 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in CAE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Down 1.3 %

CAE stock opened at $17.60 on Tuesday. The business’s 50-day moving average price is $17.91 and its 200-day moving average price is $18.91. The stock has a market cap of $5.62 billion, a P/E ratio of -24.44, a PEG ratio of 1.30 and a beta of 1.67. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. CAE has a twelve month low of $15.95 and a twelve month high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, equities research analysts forecast that CAE will post 0.86 EPS for the current 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.