CAE Inc. (NYSE:CAE) Receives Average Rating of “Hold” from Analysts

CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $28.00.

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

CAE Stock Performance

CAE opened at $18.60 on Friday. The business’s 50-day simple moving average is $17.71 and its 200 day simple moving average is $18.76. CAE has a 52-week low of $15.95 and a 52-week high of $23.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market capitalization of $5.94 billion, a PE ratio of -25.83, a PEG ratio of 1.31 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results 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 firm had revenue of $1.07 billion for 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 business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, sell-side analysts expect that CAE will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of CAE

Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares during the period. Ridgewood Investments LLC acquired a new position in CAE in the 2nd quarter valued at $33,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 1,100 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of CAE in the first quarter worth $77,000. 67.36% of the stock is currently owned by institutional investors.

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.