CAE (NYSE:CAE) Reaches New 12-Month High – What’s Next?

CAE Inc. (NYSE:CAE) (TSE:CAE)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $22.47 and last traded at $22.34, with a volume of 28090 shares trading hands. The stock had previously closed at $22.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, CAE has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $18.88 and its 200-day moving average price is $18.64. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of -29.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after buying an additional 412,906 shares during the period. Geode Capital Management LLC boosted its stake in CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after acquiring an additional 103,081 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CAE during the 3rd quarter worth $4,857,000. National Bank of Canada FI raised its position in shares of CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after acquiring an additional 736,895 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of CAE by 4.7% in the 3rd quarter. Wellington Management Group LLP now owns 114,025 shares of the aerospace company’s stock valued at $2,143,000 after purchasing an additional 5,101 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Company Profile

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.