Brokerages Set CAE Inc. (NYSE:CAE) PT at $25.00

CAE Inc. (NYSE:CAE) (TSE:CAE) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.00.

Several brokerages recently weighed in on CAE. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research note on Monday.

Institutional Investors Weigh In On CAE

A number of hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC increased its holdings in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after buying an additional 802 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 871 shares during the last quarter. Cromwell Holdings LLC lifted its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after purchasing an additional 1,223 shares during the period. Finally, Allworth Financial LP raised its stake in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares during the period. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

CAE opened at $23.63 on Monday. CAE has a 1-year low of $15.95 and a 1-year high of $25.53. The company has a market cap of $7.53 billion, a price-to-earnings ratio of -30.69, a PEG ratio of 1.73 and a beta of 1.72. The company’s fifty day moving average price is $22.68 and its two-hundred day moving average price is $19.74. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

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, 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.