Cae Inc (NYSE:CAE) (TSE:CAE) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $34.25.

CAE has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. National Bank Financial set a C$12.50 price objective on shares of Dream Industrial Real Estate Invest Trst and gave the company an “outperform” rating in a report on Friday, April 26th. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. CIBC reaffirmed a “hold” rating and issued a $37.00 price objective on shares of CAE in a report on Wednesday, May 22nd. Finally, Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating and upped their price objective for the company from C$31.00 to C$37.00 in a report on Tuesday, May 21st.

CAE stock traded up $0.06 during mid-day trading on Monday, reaching $27.02. 106,900 shares of the company traded hands, compared to its average volume of 175,312. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. CAE has a fifty-two week low of $16.96 and a fifty-two week high of $28.03. The firm has a market capitalization of $7.18 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.79. The company has a fifty day moving average price of $26.84.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.22%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $945.05 million. During the same quarter in the prior year, the business posted $0.37 EPS. CAE’s revenue for the quarter was up 41.7% compared to the same quarter last year. Research analysts anticipate that CAE will post 1.04 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new stake in CAE during the first quarter worth $28,000. First Bank & Trust purchased a new stake in CAE during the first quarter worth $123,000. Bluestein R H & Co. purchased a new stake in CAE during the first quarter worth $210,000. Addenda Capital Inc. purchased a new stake in CAE during the first quarter worth $215,000. Finally, Wetherby Asset Management Inc. boosted its holdings in CAE by 9.8% during the second quarter. Wetherby Asset Management Inc. now owns 14,355 shares of the aerospace company’s stock worth $386,000 after buying an additional 1,280 shares in the last quarter. 47.09% of the stock is currently owned by institutional investors and hedge funds.

About CAE

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.

Read More: What is a good rate of return for a mutual fund?

Analyst Recommendations for CAE (NYSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with's FREE daily email newsletter.