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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

CAE has been the subject of several research analyst reports. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

CAE Stock Performance

NYSE:CAE opened at $22.70 on Thursday. The stock has a market capitalization of $7.23 billion, a P/E ratio of -29.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE has a 1 year low of $15.95 and a 1 year high of $24.02. The firm has a 50 day moving average of $20.94 and a 200-day moving average of $19.12.

Institutional Investors Weigh In On CAE

Several institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. lifted its stake in CAE by 20.1% in the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after buying an additional 35,222 shares during the period. Clearline Capital LP bought a new position in CAE during the second quarter worth about $2,290,000. Finally, Intech Investment Management LLC acquired a new position in shares of CAE during the 3rd quarter worth about $2,432,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.