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

CAE (NYSE:CAE) (TSE:CAE) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday,Finviz reports.

Several other analysts have also weighed in on CAE. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus target price of $25.00.

CAE Trading Up 2.2 %

NYSE CAE opened at $24.69 on Wednesday. The stock has a market capitalization of $7.89 billion, a P/E ratio of -32.07, a P/E/G ratio of 1.80 and a beta of 1.72. The business has a 50 day simple moving average of $23.64 and a 200 day simple moving average of $20.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE has a one year low of $15.95 and a one year high of $25.53.

Hedge Funds Weigh In On CAE

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of CAE by 22.1% in the second quarter. Envestnet Asset Management Inc. now owns 199,281 shares of the aerospace company’s stock worth $3,703,000 after purchasing an additional 36,084 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CAE by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company’s stock valued at $17,145,000 after buying an additional 114,229 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in CAE during the 2nd quarter valued at $230,000. XTX Topco Ltd purchased a new position in CAE during the 2nd quarter worth $275,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of CAE by 186.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,426 shares of the aerospace company’s stock worth $825,000 after acquiring an additional 28,934 shares in the last quarter. Institutional investors and hedge funds 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.