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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.00.

CAE has been the topic of several research reports. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th.

CAE Stock Performance

NYSE:CAE opened at $18.75 on Wednesday. The company’s 50-day moving average price is $18.20 and its 200-day moving average price is $18.55. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.98 billion, a P/E ratio of -26.04, a P/E/G ratio of 1.33 and a beta of 1.67. CAE has a twelve month low of $15.95 and a twelve month high of $23.24.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. On average, sell-side analysts forecast that CAE will post 0.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings 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 valued at $23,292,000 after purchasing an additional 153,188 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CAE by 0.9% in 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. Addenda Capital Inc. grew its holdings in shares of CAE by 1.4% in the first quarter. Addenda Capital Inc. now owns 333,146 shares of the aerospace company’s stock valued at $6,876,000 after purchasing an additional 4,581 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CAE by 11.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock valued at $210,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of CAE by 80.3% in the first quarter. Principal Financial Group Inc. now owns 26,500 shares of the aerospace company’s stock valued at $548,000 after purchasing an additional 11,800 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.