CAE (NYSE:CAE) Rating Lowered to “Sector Perform” at National Bank Financial

CAE (NYSE:CAE) (TSE:CAE) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

A number of other research analysts also recently weighed in on CAE. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

CAE Trading Up 0.7 %

NYSE:CAE opened at $24.36 on Wednesday. The company has a market cap of $7.79 billion, a P/E ratio of -31.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.72. CAE has a twelve month low of $15.95 and a twelve month high of $25.53. The business has a 50 day moving average price of $23.74 and a two-hundred day moving average price of $20.12. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP raised its stake in CAE by 103.8% in the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after buying an additional 5,640,269 shares during the period. Earnest Partners LLC acquired a new position in shares of CAE during the 2nd quarter worth approximately $82,597,000. National Bank of Canada FI raised its stake in 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 acquiring an additional 736,895 shares during the period. Toronto Dominion Bank raised its stake in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after acquiring an additional 412,906 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in CAE during the 3rd quarter valued at $4,857,000. Institutional investors own 67.36% of the company’s stock.

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.