CAE (NYSE:CAE) Reaches New 1-Year High - Should You Buy?

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE reached a new 52-week high on Saturday . The stock traded as high as $27.62 and last traded at $26.75, with a volume of 1854951 shares. The stock had previously closed at $23.51.

Analysts Set New Price Targets

CAE has been the subject of a number of research analyst reports. Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research note on Wednesday. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CAE currently has an average rating of "Hold" and a consensus price target of $32.00.

CAE Price Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The stock's 50 day simple moving average is $24.23 and its 200-day simple moving average is $20.95. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of -49.85, a PEG ratio of 2.03 and a beta of 1.72.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CAE

Institutional investors have recently modified their holdings of the company. Stanley Laman Group Ltd. boosted its holdings in shares of CAE by 6.7% during the 3rd quarter. Stanley Laman Group Ltd. now owns 224,392 shares of the aerospace company's stock worth $4,207,000 after buying an additional 14,169 shares during the period. Assenagon Asset Management S.A. boosted its holdings in CAE by 15.8% during the third quarter. Assenagon Asset Management S.A. now owns 33,901 shares of the aerospace company's stock valued at $637,000 after acquiring an additional 4,621 shares during the period. Legacy Wealth Asset Management LLC bought a new stake in CAE during the third quarter valued at about $662,000. Cromwell Holdings LLC grew its position in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of CAE by 26.1% in the third 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 during the period. Institutional investors own 67.36% of the company's stock.

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.