CAE (NYSE:CAE) Hits New 1-Year High - What's Next?

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.47 and last traded at $22.34, with a volume of 28090 shares traded. The stock had previously closed at $22.26.

Analyst Ratings Changes

CAE has been the topic of several research analyst reports. Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.00.

CAE Trading Up 0.9 %

The company's 50 day moving average price is $18.78 and its two-hundred day moving average price is $18.61. The firm has a market cap of $7.16 billion, a PE ratio of -29.18, a P/E/G ratio of 1.61 and a beta of 1.67. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On CAE

Large investors have recently bought and sold shares of the business. Ridgewood Investments LLC purchased a new stake in shares of CAE during the second quarter valued at $33,000. Cromwell Holdings LLC boosted its position in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after buying an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock worth $48,000 after acquiring an additional 1,100 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of CAE during the first quarter worth approximately $77,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of CAE during the third quarter valued at approximately $74,000. Hedge funds and other institutional investors 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.