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

Shares of CAE Inc. (NYSE:CAEGet Free Report) (TSE:CAE) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.00.

CAE has been the subject of several research analyst reports. Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. Royal Bank of Canada lowered their price target on shares of CAE from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Bank of America cut CAE from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th.

Read Our Latest Stock Analysis on CAE

Hedge Funds Weigh In On CAE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in CAE by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 10,705,484 shares of the aerospace company’s stock valued at $231,131,000 after purchasing an additional 98,687 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of CAE by 16.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,078,828 shares of the aerospace company’s stock worth $23,292,000 after purchasing an additional 153,188 shares during the last quarter. Auxier Asset Management raised its stake in shares of CAE by 19.4% in the fourth quarter. Auxier Asset Management now owns 36,935 shares of the aerospace company’s stock worth $797,000 after purchasing an additional 6,000 shares during the last quarter. Legal & General Group Plc raised its stake in shares of CAE by 38.3% in the fourth quarter. Legal & General Group Plc now owns 1,840,794 shares of the aerospace company’s stock worth $39,925,000 after purchasing an additional 509,863 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of CAE in the fourth quarter worth about $313,000. Institutional investors own 64.34% of the company’s stock.

CAE Trading Down 0.7 %

NYSE:CAE opened at $19.58 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.64 and a beta of 1.58. The firm has a fifty day simple moving average of $20.06 and a two-hundred day simple moving average of $21.36. CAE has a 12 month low of $18.26 and a 12 month high of $25.04.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last released its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The firm had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. Analysts expect that CAE will post 0.87 EPS for the current fiscal year.

About CAE

(Get Free Report

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.

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Analyst Recommendations for CAE (NYSE:CAE)

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