CAE (NYSE:CAE) Rating Increased to Buy at Desjardins

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

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

CAE Trading Up 3.1 %

NYSE:CAE traded up $0.73 on Monday, reaching $24.50. The company’s stock had a trading volume of 143,294 shares, compared to its average volume of 581,553. CAE has a 12-month low of $15.95 and a 12-month high of $24.50. The stock has a 50 day moving average price of $21.14 and a 200 day moving average price of $19.19. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -31.82, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Institutional Trading of CAE

A number of large investors have recently modified their holdings of the stock. IHT Wealth Management LLC raised 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 purchasing an additional 802 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake 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 buying an additional 871 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares during the last quarter. Hedge funds and other 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.