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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.00.

A number of analysts recently issued reports on the company. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Jefferies Financial Group began coverage on shares of CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective for the company. Desjardins cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. Finally, StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Hedge Funds Weigh In On CAE

A number of large investors have recently modified their holdings of the company. Maven Securities LTD grew its position in CAE by 25.0% during the second quarter. Maven Securities LTD now owns 50,000 shares of the aerospace company’s stock valued at $929,000 after acquiring an additional 10,000 shares during the last quarter. Truist Financial Corp grew its holdings in shares of CAE by 10.4% during the 2nd quarter. Truist Financial Corp now owns 84,490 shares of the aerospace company’s stock valued at $1,570,000 after purchasing an additional 7,935 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in CAE in the 2nd quarter worth $1,417,000. Brandes Investment Partners LP lifted its stake in CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares during the last quarter. Finally, Clearline Capital LP purchased a new stake in CAE during the second quarter valued at about $2,290,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Up 0.2 %

NYSE:CAE opened at $17.88 on Tuesday. CAE has a 12 month low of $15.95 and a 12 month high of $25.04. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $18.00 and its 200 day moving average is $18.94. The stock has a market capitalization of $5.71 billion, a PE ratio of -24.83, a price-to-earnings-growth ratio of 1.30 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 for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Sell-side analysts expect that CAE will post 0.86 earnings per share for the current 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.