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

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE has been given a consensus recommendation of "Hold" by the nine brokerages that are presently covering the firm, Marketbeat Ratings 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 1-year target price among analysts that have issued a report on the stock in the last year is $25.00.

Several equities research analysts have commented on the stock. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, TD Securities cut CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th.

Institutional Investors Weigh In On CAE

Several institutional investors have recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in shares of CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after buying an additional 736,895 shares during the last quarter. Bank of Montreal Can lifted its holdings in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock worth $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Nexus Investment Management ULC lifted its holdings in CAE by 2.8% in the 3rd quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company's stock worth $27,950,000 after purchasing an additional 40,000 shares during the last quarter. Toronto Dominion Bank lifted its holdings in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock worth $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock worth $25,218,000 after purchasing an additional 103,081 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

CAE stock traded down $0.53 during mid-day trading on Friday, reaching $23.08. The company had a trading volume of 616,269 shares, compared to its average volume of 484,941. CAE has a one year low of $15.95 and a one year high of $25.53. The stock's 50-day simple moving average is $23.94 and its two-hundred day simple moving average is $20.36. 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 stock has a market capitalization of $7.38 billion, a P/E ratio of -29.97, a P/E/G ratio of 1.77 and a beta of 1.72.

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.