CAE (NYSE:CAE) Stock Price Down 3.2% - Should You Sell?

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE's stock price was down 3.2% on Thursday . The stock traded as low as $24.55 and last traded at $24.58. Approximately 88,509 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 576,737 shares. The stock had previously closed at $25.38.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAE. Cibc World Mkts downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Desjardins upgraded CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, CAE currently has an average rating of "Hold" and an average target price of $25.00.

CAE Stock Down 4.0 %

The firm has a market cap of $7.76 billion, a P/E ratio of -31.65, a P/E/G ratio of 1.73 and a beta of 1.74. The firm's fifty day moving average is $22.15 and its 200 day moving average is $19.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

Institutional Trading of CAE

Several institutional investors have recently added to or reduced their stakes in CAE. Sanctuary Advisors LLC acquired a new position in CAE in the 3rd quarter valued at $453,000. Toronto Dominion Bank lifted its position in CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock worth $26,820,000 after purchasing an additional 412,906 shares during the period. Geode Capital Management LLC grew its stake in CAE by 8.2% during the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock worth $25,218,000 after buying an additional 103,081 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in CAE in the 3rd quarter valued at about $4,857,000. Finally, National Bank of Canada FI raised its position in shares of CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after buying an additional 736,895 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

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.