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

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given an average rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

Several research firms have weighed in on CAE. Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th.

CAE Trading Down 1.1 %

Shares of NYSE:CAE opened at $21.75 on Friday. The company has a market capitalization of $6.93 billion, a PE ratio of -28.25, a P/E/G ratio of 1.60 and a beta of 1.67. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. CAE has a 12-month low of $15.95 and a 12-month high of $22.11. The business’s fifty day simple moving average is $18.61 and its 200-day simple moving average is $18.59.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, equities research analysts predict that CAE will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in shares of CAE during the 2nd quarter worth approximately $33,000. Cromwell Holdings LLC grew its position in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 1,100 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in CAE in the first quarter valued at $77,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of CAE in the 3rd quarter valued at $74,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

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, 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.