Brokerages Set CAE Inc. (NYSE:CAE) Target Price at $25.00

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $25.00.

Several brokerages have recently commented on CAE. 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. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CAE. Canada Pension Plan Investment Board grew its holdings in CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of CAE by 20.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after purchasing an additional 35,222 shares in the last quarter. Clearline Capital LP purchased a new stake in CAE during the 2nd quarter worth approximately $2,290,000. Jane Street Group LLC boosted its stake in CAE by 97.2% during the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after purchasing an additional 150,429 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after acquiring an additional 32,328 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Up 0.9 %

CAE opened at $22.47 on Friday. The stock has a market cap of $7.16 billion, a PE ratio of -29.18, a P/E/G ratio of 1.61 and a beta of 1.67. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE has a 52 week low of $15.95 and a 52 week high of $22.53. The business’s fifty day simple moving average is $18.78 and its 200 day simple moving average is $18.61.

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.