CAE (NYSE:CAE) Stock Rating Lowered by Cibc World Mkts

CAE (NYSE:CAE - Get Free Report) TSE: CAE was downgraded by research analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on CAE. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. 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. Finally, Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.00.

CAE Stock Up 0.3 %

NYSE:CAE traded up $0.06 during mid-day trading on Wednesday, reaching $23.51. The stock had a trading volume of 379,638 shares, compared to its average volume of 590,284. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a market cap of $7.49 billion, a P/E ratio of -30.53, a PEG ratio of 1.73 and a beta of 1.74. The business's 50 day moving average is $20.07 and its 200 day moving average is $18.84. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $24.02.

Hedge Funds Weigh In On CAE

Large investors have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in shares of CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after acquiring an additional 77,489 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock valued at $19,188,000 after purchasing an additional 89,800 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in CAE by 20.1% in the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company's stock worth $3,906,000 after purchasing an additional 35,222 shares during the period. Clearline Capital LP acquired a new stake in CAE in the second quarter worth $2,290,000. Finally, Intech Investment Management LLC acquired a new position in shares of CAE in the 3rd quarter valued at $2,432,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.