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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

A number of brokerages have commented on CAE. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Scotiabank lowered 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

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. Clearbridge Investments LLC increased its stake in CAE by 12.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock valued at $110,161,000 after buying an additional 538,838 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 793 shares during the period. Vanguard Group Inc. lifted its holdings in CAE by 1.5% during the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock worth $247,669,000 after acquiring an additional 152,778 shares during the period. Phoenix Holdings Ltd. bought a new position in CAE in the 3rd quarter valued at $1,417,000. Finally, American Century Companies Inc. grew its stake in CAE by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 3,219,330 shares of the aerospace company’s stock valued at $75,159,000 after purchasing an additional 354,938 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of CAE stock opened at $19.86 on Friday. The firm has a 50 day moving average of $19.79 and a 200-day moving average of $20.87. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE has a 52 week low of $18.26 and a 52 week high of $25.04.

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

About CAE

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.