Brokerages Set CAE Inc. (NYSE:CAE) Target Price at $25.00

CAE Inc. (NYSE:CAE) (TSE:CAE) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of research analysts have recently weighed in on CAE shares. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th.

Institutional Investors Weigh In On CAE

Several large investors have recently made changes to their positions in CAE. Ridgewood Investments LLC bought a new position in CAE during the second quarter valued at about $33,000. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. Lazard Asset Management LLC acquired a new position in CAE during the first quarter valued at approximately $77,000. Finally, Venturi Wealth Management LLC bought a new position in shares of CAE in the third quarter valued at approximately $74,000. Institutional investors own 67.36% of the company’s stock.

CAE Stock Up 2.7 %

Shares of NYSE:CAE opened at $23.31 on Friday. CAE has a 52 week low of $15.95 and a 52 week high of $23.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The company has a market cap of $7.43 billion, a PE ratio of -30.27, a price-to-earnings-growth ratio of 1.67 and a beta of 1.67. The firm has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $18.67.

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.