CAE (NYSE:CAE) Reaches New 12-Month High - Still a Buy?

Shares of CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE hit a new 52-week high on Monday . The company traded as high as $25.35 and last traded at $25.34, with a volume of 119039 shares. The stock had previously closed at $25.32.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CAE shares. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, CAE has a consensus rating of "Hold" and an average price target of $25.00.

CAE Price Performance

The business's 50-day simple moving average is $21.75 and its 200-day simple moving average is $19.42. The company has a market capitalization of $8.07 billion, a PE ratio of -32.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC raised its stake in shares of CAE by 3.7% during the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company's stock valued at $425,000 after buying an additional 802 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in CAE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company's stock worth $632,000 after acquiring an additional 871 shares during the period. Cromwell Holdings LLC raised its position in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in CAE by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company's stock valued at $1,717,000 after acquiring an additional 1,223 shares during the period. Finally, Allworth Financial LP boosted its position in 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 purchasing an additional 1,327 shares in 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, 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.