Desjardins Upgrades CAE (NYSE:CAE) to "Buy"

Desjardins upgraded shares of CAE (NYSE:CAE - Free Report) TSE: CAE from a hold rating to a buy rating in a research report report published on Monday, MarketBeat Ratings reports.

CAE has been the subject of a number of other research reports. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.00.

CAE Stock Up 3.3 %

NYSE:CAE traded up $0.78 during midday trading on Monday, reaching $24.55. 360,011 shares of the stock traded hands, compared to its average volume of 582,449. The stock has a market capitalization of $7.82 billion, a PE ratio of -31.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE has a 12-month low of $15.95 and a 12-month high of $24.60. 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 business has a 50-day moving average of $21.14 and a two-hundred day moving average of $19.19.

Hedge Funds Weigh In On CAE

A number of large investors have recently bought and sold shares of CAE. JARISLOWSKY FRASER Ltd lifted its stake in shares of CAE by 1.3% during the second quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company's stock worth $413,168,000 after purchasing an additional 284,768 shares in the last quarter. Brandes Investment Partners LP lifted its position in CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company's stock worth $206,027,000 after acquiring an additional 5,640,269 shares in the last quarter. National Bank of Canada FI grew its position in CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after acquiring an additional 736,895 shares in the last quarter. Bank of Montreal Can raised its stake in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after purchasing an additional 77,489 shares during the period. Finally, Earnest Partners LLC acquired a new position in shares of CAE during the second quarter worth $82,597,000. Hedge funds and other 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.