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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.00.

Several research firms recently commented on CAE. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada increased their price target on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CAE. 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 lifted its holdings in shares of CAE by 25.7% in the fourth 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 in the last quarter. Browning West LP bought a new position in shares of CAE in the fourth quarter valued at approximately $150,629,000. Select Equity Group L.P. lifted its holdings in shares of CAE by 427.1% in the fourth 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 valued at approximately $98,436,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Up 0.1 %

NYSE CAE opened at $24.30 on Tuesday. The business has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $21.35. CAE has a one year low of $15.95 and a one year high of $27.62. The stock has a market capitalization of $7.77 billion, a P/E ratio of -46.73, a P/E/G ratio of 1.94 and a beta of 1.72. 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 released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts expect that CAE will post 0.83 earnings per share 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, 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.