Bank of America Securities Sticks to Its Hold Rating for CAE (CAE)

Bank of America Securities analyst Ronald Epstein maintained a Hold rating on CAE yesterday and set a price target of C$45.00. The company’s shares closed yesterday at C$39.72.

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Epstein covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and Northrop Grumman. According to TipRanks, Epstein has an average return of 21.8% and a 69.17% success rate on recommended stocks.

CAE has an analyst consensus of Moderate Buy, with a price target consensus of C$48.40, implying a 21.84% upside from current levels. In a report released on February 18, TipRanks – OpenAI also downgraded the stock to a Hold with a C$43.00 price target.

Based on CAE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.25 billion and a net profit of C$108.9 million. In comparison, last year the company earned a revenue of C$1.22 billion and had a net profit of C$168.6 million

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAE in relation to earlier this year.