Cae Inc (CAE) Receives Average Recommendation of “Hold” from Analysts

Cae Inc (NYSE:CAE) (TSE:CAE) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.13.

A number of brokerages have recently issued reports on CAE. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of CAE in a research report on Tuesday, April 30th.

Several large investors have recently made changes to their positions in CAE. Zions Bancorporation N.A. bought a new stake in shares of CAE during the 1st quarter valued at about $28,000. Parallel Advisors LLC grew its position in shares of CAE by 786.5% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock valued at $67,000 after buying an additional 3,264 shares during the last quarter. First Bank & Trust bought a new stake in shares of CAE during the 1st quarter valued at about $123,000. Quadrant Capital Group LLC grew its position in shares of CAE by 265.6% during the 4th quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock valued at $186,000 after buying an additional 7,638 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of CAE during the 4th quarter valued at about $190,000. 49.22% of the stock is owned by institutional investors and hedge funds.

Shares of CAE stock traded up $0.07 during trading on Wednesday, reaching $23.55. The company had a trading volume of 143,500 shares, compared to its average volume of 142,889. The firm has a market cap of $6.23 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.79 and a current ratio of 1.10. CAE has a fifty-two week low of $16.96 and a fifty-two week high of $23.74.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Analyst Recommendations for CAE (NYSE:CAE)

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