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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.00.

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

Institutional Investors Weigh In On CAE

Several institutional investors have recently made changes to their positions in CAE. Envestnet Asset Management Inc. boosted its position in shares of CAE by 22.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 199,281 shares of the aerospace company’s stock worth $3,703,000 after purchasing an additional 36,084 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CAE by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company’s stock worth $17,145,000 after purchasing an additional 114,229 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of CAE during the 2nd quarter worth $1,417,000. Truist Financial Corp boosted its position in shares of CAE by 10.4% in the 2nd quarter. Truist Financial Corp now owns 84,490 shares of the aerospace company’s stock worth $1,570,000 after buying an additional 7,935 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of CAE by 17.5% in the 3rd quarter. NBC Securities Inc. now owns 18,521 shares of the aerospace company’s stock worth $347,000 after buying an additional 2,752 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of CAE stock opened at $23.29 on Friday. The firm’s fifty day simple moving average is $23.94 and its 200-day simple moving average is $20.43. The stock has a market capitalization 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 12 month low of $15.95 and a 12 month high of $25.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

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.