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

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE's share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.03 and last traded at $23.89, with a volume of 35325 shares trading hands. The stock had previously closed at $23.77.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday. 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 upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.00.

CAE Stock Up 3.3 %

The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of -31.88, a PEG ratio of 1.73 and a beta of 1.74. The firm's 50-day moving average price is $21.26 and its 200 day moving average price is $19.23.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its stake in shares of CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company's stock valued at $425,000 after purchasing an additional 802 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company's stock valued at $632,000 after acquiring an additional 871 shares during the last quarter. Cromwell Holdings LLC raised its stake in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock worth $34,000 after acquiring an additional 915 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of CAE by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company's stock worth $1,717,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock valued at $120,000 after purchasing an additional 1,327 shares in the last quarter. 67.36% of the stock is currently 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, 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.