CAE Inc. (NYSE:CAE) Receives Average Rating of "Hold" from Analysts

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have earned an average rating of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

A number of brokerages have recently commented on CAE. TD Securities lowered CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. The Goldman Sachs Group raised their price target 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. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of CAE by 3.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after purchasing an additional 42,325 shares during the period. Geode Capital Management LLC boosted its stake in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock valued at $25,218,000 after buying an additional 103,081 shares in the last quarter. Raymond James Financial Inc. bought a new stake in CAE in the fourth quarter valued at $4,746,000. Norges Bank acquired a new position in CAE during the fourth quarter worth $98,436,000. Finally, Sanctuary Advisors LLC bought a new position in shares of CAE during the third quarter valued at $453,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Up 0.4 %

Shares of NYSE:CAE traded up $0.08 on Wednesday, reaching $23.43. The company had a trading volume of 254,387 shares, compared to its average volume of 571,795. The stock has a market capitalization of $7.50 billion, a P/E ratio of -45.06, a P/E/G ratio of 1.94 and a beta of 1.39. The stock has a 50-day moving average price of $24.15 and a 200 day moving average price of $22.86. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced 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 negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities analysts expect that CAE will post 0.83 EPS 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.