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

Shares of CAE Inc. (NYSE:CAEGet Free Report) (TSE:CAE) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.00.

Several research analysts have recently weighed in on the stock. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Check Out Our Latest Analysis on CAE

CAE Stock Performance

CAE stock opened at $24.39 on Friday. CAE has a 1-year low of $15.95 and a 1-year high of $25.53. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $7.80 billion, a PE ratio of -31.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.72. The firm’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $20.32.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings in shares of CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 802 shares during the last quarter. Allworth Financial LP raised its position in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 913 shares during the period. Cromwell Holdings LLC lifted its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Asset Planning Inc purchased a new stake in CAE during the fourth quarter valued at about $30,000. Finally, Hantz Financial Services Inc. grew its stake in shares of CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after buying an additional 1,223 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

(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, 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.

Further Reading

Analyst Recommendations for CAE (NYSE:CAE)

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