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

CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.00.

CAE has been the topic of several recent analyst reports. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group began coverage on shares of CAE in a report on Thursday, June 6th. They set a “hold” rating and a $21.00 target price on the stock.

Institutional Investors Weigh In On CAE

Several institutional investors have recently bought and sold shares of the company. Maven Securities LTD raised its stake in shares of CAE by 25.0% in the second quarter. Maven Securities LTD now owns 50,000 shares of the aerospace company’s stock worth $929,000 after purchasing an additional 10,000 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of CAE by 10.4% during the 2nd quarter. Truist Financial Corp now owns 84,490 shares of the aerospace company’s stock worth $1,570,000 after purchasing an additional 7,935 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of CAE in the second quarter valued at about $1,417,000. Brandes Investment Partners LP grew 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 acquiring an additional 5,640,269 shares during the period. Finally, Clearline Capital LP acquired a new stake in shares of CAE during the second quarter valued at about $2,290,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Down 1.3 %

Shares of NYSE:CAE opened at $17.60 on Tuesday. The firm has a market capitalization of $5.62 billion, a PE ratio of -24.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.67. The business has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $18.91. CAE has a 1 year low of $15.95 and a 1 year high of $25.04. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $0.18 EPS. CAE’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict 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.