CAE (NYSE:CAE) Reaches New 52-Week High – Here’s Why

CAE Inc. (NYSE:CAE) (TSE:CAE)’s stock price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $27.62 and last traded at $26.75, with a volume of 1854951 shares trading hands. The stock had previously closed at $23.51.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Desjardins upgraded 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

CAE Stock Up 13.8 %

The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $8.55 billion, a P/E ratio of -34.73, a P/E/G ratio of 1.79 and a beta of 1.72. The business has a 50-day moving average price of $24.05 and a 200 day moving average price of $20.73.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. On average, equities analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Several institutional investors have recently made changes to their positions in the company. Ossiam increased its stake in shares of CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after buying an additional 447 shares during the period. Rathbones Group PLC increased its stake in shares of CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock valued at $1,386,000 after buying an additional 500 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock valued at $1,991,000 after buying an additional 646 shares during the period. Schechter Investment Advisors LLC boosted its position in CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 666 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 802 shares in the last quarter. Hedge funds and other 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.