CAE (NYSE:CAE) Downgraded to “Sector Perform” Rating by National Bank Financial

National Bank Financial cut shares of CAE (NYSE:CAE) (TSE:CAE) from an outperform rating to a sector perform rating in a report published on Wednesday, Marketbeat reports.

Several other brokerages also recently commented on CAE. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, CAE has an average rating of “Hold” and an average target price of $25.00.

CAE Stock Performance

CAE stock opened at $24.19 on Wednesday. The stock’s 50-day moving average is $23.70 and its 200-day moving average is $20.09. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -31.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a 12 month low of $15.95 and a 12 month high of $25.53.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC increased its holdings in CAE by 3.7% during the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 802 shares during the last quarter. Cromwell Holdings LLC increased 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 worth $34,000 after purchasing an additional 915 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of CAE by 1.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after acquiring an additional 1,223 shares in the last quarter. Allworth Financial LP grew its position in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 1,803 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

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.