CAE Inc. (NYSE:CAE) Receives Average Recommendation of “Hold” from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has earned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.11.

Several brokerages recently weighed in on CAE. TD Securities lifted their price target on CAE from C$40.00 to C$42.00 and gave the company a “hold” rating in a research report on Monday, November 1st. Desjardins decreased their target price on shares of CAE from C$41.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, November 15th. CIBC dropped their price target on shares of CAE from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 12th. Zacks Investment Research lowered shares of CAE from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th. Finally, Scotiabank cut their price objective on CAE from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Friday, November 12th.

Hedge funds have recently bought and sold shares of the stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in CAE during the second quarter worth approximately $25,000. Trustcore Financial Services LLC acquired a new position in shares of CAE in the second quarter valued at approximately $33,000. Bessemer Group Inc. acquired a new position in CAE during the second quarter worth $43,000. Arkadios Wealth Advisors grew its holdings in CAE by 44.7% during the second quarter. Arkadios Wealth Advisors now owns 2,201 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 680 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in CAE by 50.3% during the second quarter. Quadrant Capital Group LLC now owns 2,977 shares of the aerospace company’s stock worth $92,000 after acquiring an additional 996 shares during the period. Hedge funds and other institutional investors own 56.27% of the company’s stock.

NYSE CAE traded down $0.34 on Thursday, hitting $26.64. 346,290 shares of the company’s stock traded hands, compared to its average volume of 325,911. The firm’s 50-day moving average price is $29.90 and its two-hundred day moving average price is $30.07. The firm has a market capitalization of $8.44 billion, a PE ratio of 74.00, a P/E/G ratio of 5.03 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65. CAE has a 1-year low of $21.65 and a 1-year high of $34.19.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, November 11th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). CAE had a net margin of 3.91% and a return on equity of 7.01%. During the same quarter last year, the company earned $0.09 EPS. On average, research analysts anticipate that CAE will post 0.69 earnings per share for the current fiscal year.

CAE Company Profile

CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.

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Analyst Recommendations for CAE (NYSE:CAE)

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