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

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $28.00.

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

Institutional Trading of CAE

A number of large investors have recently made changes to their positions in CAE. Pinnacle Associates Ltd. boosted its holdings in CAE by 3.8% in the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after purchasing an additional 32,328 shares during the last quarter. Galibier Capital Management Ltd. lifted its holdings in shares of CAE by 9.9% during the 3rd quarter. Galibier Capital Management Ltd. now owns 1,088,488 shares of the aerospace company’s stock valued at $20,457,000 after buying an additional 97,876 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new position in shares of CAE in the 3rd quarter worth $339,000. Allworth Financial LP grew its holdings in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares during the period. Finally, Cromwell Holdings LLC increased its position in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Price Performance

Shares of NYSE CAE opened at $18.57 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The company has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $18.56. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $23.24. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of -25.79, a P/E/G ratio of 1.33 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts expect that CAE will post 0.86 EPS for the current fiscal 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.