Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.11.
CAE has been the topic of several recent research reports. CIBC cut their price target on CAE from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, November 12th. Desjardins lowered their target price on CAE from C$41.00 to C$38.00 and set a “hold” rating on the stock in a research report on Monday, November 15th. Scotiabank lowered their price target on CAE from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Friday, November 12th. Zacks Investment Research cut CAE from a “hold” rating to a “sell” rating in a research report on Tuesday, November 16th. Finally, TD Securities raised their price objective on CAE from C$40.00 to C$42.00 and gave the stock a “hold” rating in a research note on Monday, November 1st.
CAE traded down $0.34 on Thursday, reaching $26.64. The company’s stock had a trading volume of 346,290 shares, compared to its average volume of 325,911. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 74.00, a price-to-earnings-growth ratio of 5.03 and a beta of 1.70. CAE has a 1 year low of $21.65 and a 1 year high of $34.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.27 and a quick ratio of 0.95. The business’s 50 day moving average is $29.90 and its 200 day moving average is $30.07.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd bought a new position in CAE during the second quarter valued at about $25,000. Trustcore Financial Services LLC bought a new position in shares of CAE in the second quarter worth about $33,000. Bessemer Group Inc. bought a new position in shares of CAE in the second quarter worth about $43,000. Arkadios Wealth Advisors increased its stake in shares of CAE by 44.7% in the second quarter. Arkadios Wealth Advisors now owns 2,201 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 680 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of CAE by 50.3% in the second quarter. Quadrant Capital Group LLC now owns 2,977 shares of the aerospace company’s stock worth $92,000 after purchasing an additional 996 shares during the period. Institutional investors own 56.27% of the company’s stock.
CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.
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