CAE Inc. (NYSE:CAE) Receives Consensus Rating of “Hold” from Brokerages

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

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 Thursday, November 14th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

CAE Price Performance

Shares of CAE stock opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The business’s 50 day simple moving average is $20.74 and its two-hundred day simple moving average is $19.06. The stock has a market capitalization of $7.50 billion, a P/E ratio of -30.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE has a one year low of $15.95 and a one year high of $24.02.

Hedge Funds Weigh In On CAE

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its stake in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after buying an additional 77,489 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of CAE by 9.5% during 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 buying an additional 89,800 shares during the period. Stanley Laman Group Ltd. increased its stake 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 buying an additional 35,222 shares during the period. Clearline Capital LP purchased a new stake in CAE in the second quarter worth $2,290,000. Finally, Intech Investment Management LLC purchased a new stake in CAE in the third quarter worth $2,432,000. 67.36% of the stock is owned by hedge funds and other 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, 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.