CAE Inc. (NYSE:CAE) Receives Consensus Rating of "Hold" from Analysts

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE have received an average recommendation of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts recently weighed in on the company. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. 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 downgraded shares of CAE from a "buy" rating to a "hold" rating in a report on Monday.

Institutional Trading of CAE

A number of hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of CAE during the third quarter valued at about $453,000. Toronto Dominion Bank increased its stake in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after acquiring an additional 412,906 shares during the period. Geode Capital Management LLC raised 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 valued at $25,218,000 after acquiring an additional 103,081 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in CAE in the 3rd quarter valued at approximately $4,857,000. Finally, National Bank of Canada FI lifted its position in shares of CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after acquiring an additional 736,895 shares during the period. 67.36% of the stock is owned by institutional investors.

CAE Stock Down 2.4 %

Shares of CAE stock traded down $0.59 on Monday, hitting $23.74. The company's stock had a trading volume of 395,581 shares, compared to its average volume of 361,694. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of -30.83, a P/E/G ratio of 1.73 and a beta of 1.72. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $25.53. The firm's fifty day moving average price is $22.49 and its 200-day moving average price is $19.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

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.