CAE (NYSE:CAE) Stock Rating Lowered by Cibc World Mkts

CAE (NYSE:CAE) (TSE:CAE) was downgraded by research analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.00.

CAE Trading Up 0.6 %

Shares of CAE stock opened at $23.45 on Wednesday. CAE has a 12-month low of $15.95 and a 12-month high of $24.02. The company has a market capitalization of $7.47 billion, a P/E ratio of -30.45, a P/E/G ratio of 1.73 and a beta of 1.74. The firm has a 50-day moving average price of $20.07 and a 200 day moving average price of $18.84. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On CAE

Several institutional investors have recently modified their holdings of CAE. Brandes Investment Partners LP grew its position in shares of CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after buying an additional 5,640,269 shares during the period. Earnest Partners LLC acquired a new stake in shares of CAE during the 2nd quarter worth approximately $82,597,000. National Bank of Canada FI grew its position in shares of CAE by 36.4% during the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after buying an additional 1,466,880 shares during the period. American Century Companies Inc. grew its position in shares of CAE by 67.9% during the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock worth $30,176,000 after buying an additional 657,227 shares during the period. Finally, 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. 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.