CAE (NYSE:CAE) Stock Rating Upgraded by Desjardins

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports.

CAE has been the subject of several other reports. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and an average price target of $25.00.

CAE Trading Up 1.1 %

Shares of CAE stock opened at $24.81 on Monday. The stock has a market capitalization of $7.90 billion, a P/E ratio of -32.22, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $24.85. 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 company has a 50 day moving average price of $21.39 and a 200 day moving average price of $19.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC boosted its holdings 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 buying an additional 802 shares in the last quarter. DekaBank Deutsche Girozentrale lifted 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 boosted its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 1,327 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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.