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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.75.

A number of equities research analysts have commented on the company. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group increased their price objective on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd.

Institutional Investors Weigh In On CAE

Several hedge funds have recently made changes to their positions in CAE. Tobam lifted its position in CAE by 193.3% during the first quarter. Tobam now owns 12,777 shares of the aerospace company’s stock worth $264,000 after buying an additional 8,421 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of CAE by 5.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 24,109 shares of the aerospace company’s stock valued at $498,000 after acquiring an additional 1,239 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CAE by 80.3% during the 1st quarter. Principal Financial Group Inc. now owns 26,500 shares of the aerospace company’s stock worth $548,000 after acquiring an additional 11,800 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position 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 worth $210,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Spire Wealth Management increased its position in CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 697 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Down 0.8 %

NYSE:CAE opened at $20.60 on Wednesday. CAE has a 52-week low of $18.26 and a 52-week high of $25.04. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $19.65 and a 200-day simple moving average of $20.29. The company has a market capitalization of $6.56 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%. On average, equities research analysts expect that CAE will post 0.85 earnings per share 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.