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

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have earned an average rating of "Hold" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.00.

CAE has been the topic of a number of analyst reports. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Royal Bank of Canada upgraded CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th. Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Finally, Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

CAE Stock Performance

CAE stock traded down $0.08 during midday trading on Thursday, hitting $23.45. 426,803 shares of the stock traded hands, compared to its average volume of 587,843. CAE has a 1-year low of $15.95 and a 1-year high of $24.02. 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 stock's fifty day simple moving average is $20.55 and its 200-day simple moving average is $18.99. The firm has a market cap of $7.47 billion, a P/E ratio of -30.45, a PEG ratio of 1.72 and a beta of 1.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAE. Ridgewood Investments LLC acquired a new stake in shares of CAE in the second quarter valued at about $33,000. Cromwell Holdings LLC grew its stake in CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE in the 3rd quarter valued at about $74,000. Allworth Financial LP lifted its stake in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock worth $120,000 after purchasing an additional 1,327 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock worth $151,000 after purchasing an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

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.