CAE (NYSE:CAE) Stock Rating Lowered by Canaccord Genuity Group

CAE (NYSE:CAE) (TSE:CAE) was downgraded by investment analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the stock. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price target on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.75.

CAE Trading Down 0.2 %

CAE stock opened at $18.77 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. CAE has a one year low of $17.40 and a one year high of $25.04. The company’s 50 day moving average price is $19.91 and its two-hundred day moving average price is $20.26. The company has a market capitalization of $5.98 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.58.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its position in shares of CAE by 142.8% during the first 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 boosted its stake in CAE by 678.3% during the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,343 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 500 shares in the last quarter. Spire Wealth Management grew its stake in shares of CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after buying an additional 697 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in CAE by 85.5% in the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. 67.36% of the stock is owned by 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.