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

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.00.

CAE has been the topic of a number of research reports. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On CAE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new position in shares of CAE in the fourth quarter valued at approximately $201,771,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in CAE by 25.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock valued at $784,651,000 after purchasing an additional 6,313,165 shares during the period. Browning West LP bought a new position in CAE in the 4th quarter valued at $150,629,000. Select Equity Group L.P. grew its position in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock valued at $171,093,000 after purchasing an additional 5,462,455 shares in the last quarter. Finally, Norges Bank bought a new position in shares of CAE in the fourth quarter worth $98,436,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Down 3.4 %

Shares of NYSE:CAE opened at $24.46 on Friday. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market capitalization of $7.83 billion, a PE ratio of -47.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The business has a fifty day moving average price of $24.50 and a two-hundred day moving average price of $22.26. 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 posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Analysts forecast that CAE will post 0.83 earnings per share for the current year.

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.