CAE Inc. (NYSE:CAE) Given Consensus Rating of “Hold” by Brokerages

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) have been assigned an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $34.75.

Several research firms have commented on CAE. Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. The Goldman Sachs Group increased their price objective on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th.

CAE Stock Performance

NYSE CAE opened at $20.60 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE has a twelve month low of $18.26 and a twelve month high of $25.04. The stock has a 50-day moving average of $19.65 and a 200 day moving average of $20.29. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.54 and a beta of 1.58.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The firm had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. Sell-side analysts anticipate that CAE will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Mackenzie Financial Corp boosted its position in shares of CAE by 6.7% during the 4th quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock valued at $719,443,000 after acquiring an additional 2,083,595 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its holdings in CAE by 28.5% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after purchasing an additional 3,843,611 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CAE by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 10,705,484 shares of the aerospace company’s stock valued at $231,131,000 after purchasing an additional 98,687 shares during the last quarter. FMR LLC grew its stake in shares of CAE by 2.6% in the 3rd quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock valued at $210,216,000 after buying an additional 230,912 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of CAE by 8.7% during the 4th quarter. National Bank of Canada FI now owns 5,168,647 shares of the aerospace company’s stock worth $109,747,000 after buying an additional 413,389 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.