CAE Inc. (NYSE:CAE) Given Average Rating of “Hold” by Analysts

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have received a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.00.

Several research firms have recently issued reports on CAE. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CAE. Bank of Montreal Can grew its position 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 worth $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Canada Pension Plan Investment Board grew its position in CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Clearline Capital LP acquired a new stake in shares of CAE in the second quarter valued at approximately $2,290,000. Intech Investment Management LLC bought a new stake in shares of CAE during the third quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. grew its holdings in CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after buying an additional 32,328 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Up 0.5 %

Shares of NYSE CAE opened at $23.77 on Monday. The stock has a market capitalization of $7.57 billion, a PE ratio of -30.87, a P/E/G ratio of 1.73 and a beta of 1.72. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average of $22.92 and a 200-day moving average of $19.81. CAE has a 52-week low of $15.95 and a 52-week high of $25.53.

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.