CAE Inc. (NYSE:CAE) Given Average Recommendation of "Hold" by Analysts

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have been given a consensus rating of "Hold" by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.00.

CAE has been the subject of several recent research reports. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. The Goldman Sachs Group lifted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th.

CAE Stock Performance

Shares of CAE stock opened at $25.91 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE has a 1 year low of $15.95 and a 1 year high of $27.62. The firm's 50-day simple moving average is $24.13 and its 200-day simple moving average is $23.49. The firm has a market cap of $8.30 billion, a PE ratio of -49.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued 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%. Equities analysts forecast that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

Large investors have recently made changes to their positions in the company. Ossiam raised its stake in CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company's stock valued at $1,173,000 after purchasing an additional 447 shares during the period. Cetera Investment Advisers raised its position in CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after buying an additional 497 shares during the period. Rathbones Group PLC lifted its stake in CAE by 0.9% in the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after acquiring an additional 500 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in CAE by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after acquiring an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC boosted its position in CAE by 1.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after acquiring an additional 666 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.