CAE Inc. (NYSE:CAE) Given Consensus Recommendation of “Hold” by Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

A number of research analysts recently commented on CAE shares. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd.

CAE Stock Up 0.5 %

CAE stock opened at $23.77 on Monday. CAE has a 52 week low of $15.95 and a 52 week high of $25.53. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of -30.87, a PEG ratio of 1.73 and a beta of 1.72. The company’s 50-day moving average price is $22.92 and its two-hundred day moving average price is $19.81. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Institutional Trading of CAE

Several hedge funds and other institutional investors have recently modified their holdings of CAE. Cromwell Holdings LLC boosted its holdings in shares of CAE by 103.4% during 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 period. Venturi Wealth Management LLC purchased a new stake in shares of CAE during the 3rd quarter worth about $74,000. Allworth Financial LP lifted its holdings in shares of CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares during the last quarter. US Bancorp DE increased its holdings in CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares during the last quarter. Finally, Centiva Capital LP bought a new position in CAE during the third quarter valued at approximately $197,000. 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.