CAE Inc. (NYSE:CAE) Given Average Rating of “Hold” by Analysts

CAE Inc. (NYSE:CAEGet Free Report) (TSE:CAE) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

CAE has been the topic of a number of research reports. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. Bank of America downgraded CAE from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 29th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada lowered their target price on CAE from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th.

View Our Latest Analysis on CAE

CAE Stock Down 0.7 %

CAE stock opened at $19.58 on Tuesday. CAE has a twelve month low of $18.26 and a twelve month 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 firm has a market cap of $6.23 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.64 and a beta of 1.58. The business has a 50 day moving average of $20.06 and a 200 day moving average of $21.36.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last posted its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. On average, research analysts forecast that CAE will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp increased its position in shares of CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after purchasing an additional 2,083,595 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its position in shares of CAE by 28.5% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after acquiring an additional 3,843,611 shares during the period. Beutel Goodman & Co Ltd. increased its position in shares of CAE by 0.7% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 12,081,091 shares of the aerospace company’s stock valued at $270,700,000 after acquiring an additional 80,220 shares during the period. Vanguard Group Inc. grew its position in CAE by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 10,705,484 shares of the aerospace company’s stock worth $231,131,000 after purchasing an additional 98,687 shares during the period. Finally, Royal Bank of Canada grew its position in CAE by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 10,034,952 shares of the aerospace company’s stock worth $224,583,000 after purchasing an additional 128,457 shares during the period. Institutional investors own 64.34% of the company’s stock.

CAE Company Profile

(Get Free Report

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.

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Analyst Recommendations for CAE (NYSE:CAE)

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