CAE (NYSE:CAE) Downgraded to "Hold" Rating by TD Securities

CAE (NYSE:CAE - Get Free Report) TSE: CAE was downgraded by equities researchers at TD Securities from a "buy" rating to a "hold" rating in a research note issued to investors on Monday, Marketbeat reports.

A number of other research analysts also recently issued reports on the company. Desjardins raised CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, CAE has an average rating of "Hold" and a consensus target price of $25.00.

CAE Trading Down 2.4 %

Shares of NYSE:CAE traded down $0.59 during trading on Monday, reaching $23.74. The stock had a trading volume of 395,581 shares, compared to its average volume of 361,694. CAE has a 52 week low of $15.95 and a 52 week high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The firm's fifty day moving average is $22.49 and its 200 day moving average is $19.68. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of -30.83, a P/E/G ratio of 1.73 and a beta of 1.72.

Institutional Investors Weigh In On CAE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted 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 valued at $34,000 after buying an additional 915 shares during the period. Venturi Wealth Management LLC bought a new stake in CAE in the third quarter worth $74,000. Allworth Financial LP boosted its position in CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock valued at $120,000 after buying an additional 1,327 shares during the period. US Bancorp DE grew its stake in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock valued at $151,000 after buying an additional 1,803 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of CAE in the third quarter worth about $197,000. 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.