CAE (NYSE:CAE) Downgraded by StockNews.com to Hold

CAE (NYSE:CAE) (TSE:CAE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts also recently commented on CAE. Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a research note on Wednesday. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating in a research note on Wednesday. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.75.

CAE Stock Down 0.2 %

Shares of NYSE CAE opened at $18.77 on Wednesday. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.43 and a beta of 1.58. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE has a 12 month low of $17.40 and a 12 month high of $25.04. The stock has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $20.26.

Institutional Trading of CAE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its position in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the last quarter. Allworth Financial LP lifted its stake in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,343 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. Spire Wealth Management increased its position in CAE by 52.8% during the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.