Cae Inc (CAE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Cae Inc (NYSE:CAE) (TSE:CAE) have been given an average rating of “Buy” by the ten research firms that are presently covering the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.00.
CAE has been the subject of a number of research reports. Scotiabank upgraded Cae from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 15th. Zacks Investment Research cut Cae from a “buy” rating to a “sell” rating in a report on Thursday, February 16th. Finally, TD Securities upgraded Cae from a “hold” rating to a “buy” rating in a report on Wednesday, February 15th.
Shares of Cae (NYSE:CAE) opened at 15.73 on Monday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 23.76 and a beta of 0.83. Cae has a 52 week low of $11.85 and a 52 week high of $16.01. The stock’s 50 day moving average price is $15.44 and its 200-day moving average price is $14.75.
Several institutional investors have recently bought and sold shares of CAE. Jarislowsky Fraser Ltd boosted its position in Cae by 0.9% in the fourth quarter. Jarislowsky Fraser Ltd now owns 13,127,918 shares of the aerospace company’s stock worth $183,842,000 after buying an additional 119,456 shares during the last quarter. Legato Capital Management LLC boosted its position in Cae by 1,423.6% in the first quarter. Legato Capital Management LLC now owns 7,675,571 shares of the aerospace company’s stock worth $503,766,000 after buying an additional 7,171,805 shares during the last quarter. Mackenzie Financial Corp boosted its position in Cae by 17.7% in the first quarter. Mackenzie Financial Corp now owns 7,332,489 shares of the aerospace company’s stock worth $112,114,000 after buying an additional 1,105,110 shares during the last quarter. Vanguard Group Inc. boosted its position in Cae by 7.0% in the first quarter. Vanguard Group Inc. now owns 5,634,957 shares of the aerospace company’s stock worth $86,159,000 after buying an additional 367,181 shares during the last quarter. Finally, USS Investment Management Ltd boosted its position in Cae by 0.7% in the first quarter. USS Investment Management Ltd now owns 4,162,928 shares of the aerospace company’s stock worth $63,670,000 after buying an additional 28,800 shares during the last quarter. Hedge funds and other institutional investors own 58.78% of the company’s stock.
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CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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