CAE (NYSE:CAE) Stock Rating Lowered by StockNews.com

CAE (NYSE:CAE) (TSE:CAE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other equities analysts have also recently issued reports about the stock. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Price Performance

Shares of NYSE:CAE traded down $0.30 on Tuesday, reaching $23.77. The company’s stock had a trading volume of 605,985 shares, compared to its average volume of 479,144. CAE has a 52-week low of $15.95 and a 52-week high of $25.53. The company has a market cap of $7.60 billion, a P/E ratio of -30.86, a PEG ratio of 1.79 and a beta of 1.72. The company has a 50-day simple moving average of $23.98 and a 200 day simple moving average of $20.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Planning Inc bought a new stake in CAE during the 4th quarter valued at about $30,000. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in CAE during the 3rd quarter valued at about $74,000. Allworth Financial LP lifted its holdings in CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after buying an additional 1,803 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

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.