CAE (NYSE:CAE) Downgraded to “Hold” Rating by TD Securities

TD Securities lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note released on Monday morning, MarketBeat.com reports.

Several other research firms have also issued reports on CAE. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, CAE has an average rating of “Hold” and an average price target of $25.00.

CAE Stock Down 0.4 %

Shares of NYSE:CAE opened at $23.63 on Monday. 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 fifty day simple moving average of $22.68 and a two-hundred day simple moving average of $19.74. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of -30.69, a PEG ratio of 1.73 and a beta of 1.72.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CAE. JARISLOWSKY FRASER Ltd grew its position in CAE by 1.3% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock worth $413,168,000 after purchasing an additional 284,768 shares during the period. Brandes Investment Partners LP grew its holdings in shares of CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after acquiring an additional 5,640,269 shares during the period. National Bank of Canada FI increased its position in CAE by 13.4% during the third 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. Bank of Montreal Can lifted its holdings in CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after acquiring an additional 77,489 shares during the period. Finally, Earnest Partners LLC purchased a new position in CAE in the second quarter worth about $82,597,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.