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

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.00.

Several equities analysts have issued reports on CAE shares. 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 raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On CAE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after acquiring an additional 77,489 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after purchasing an additional 89,800 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of CAE by 20.1% during the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after purchasing an additional 35,222 shares during the period. Clearline Capital LP bought a new position in shares of CAE during the 2nd quarter worth about $2,290,000. Finally, Intech Investment Management LLC acquired a new stake in shares of CAE in the 3rd quarter valued at about $2,432,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

CAE stock opened at $23.28 on Thursday. The business has a 50 day moving average of $20.64 and a 200-day moving average of $19.02. The company has a market capitalization of $7.42 billion, a P/E ratio of -30.23, a P/E/G ratio of 1.73 and a beta of 1.74. CAE has a 1 year low of $15.95 and a 1 year high of $24.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

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.