CAE (NYSE:CAE) Reaches New 52-Week High – Here’s Why

CAE Inc. (NYSE:CAE) (TSE:CAE)’s share price hit a new 52-week high during trading on Saturday . The stock traded as high as $27.62 and last traded at $26.75, with a volume of 1854951 shares changing hands. The stock had previously closed at $23.51.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $20.73. The stock has a market capitalization of $8.55 billion, a P/E ratio of -34.73, a P/E/G ratio of 1.79 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. On average, analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On CAE

A number of large investors have recently made changes to their positions in CAE. NBC Securities Inc. grew its stake in shares of CAE by 17.5% during the 3rd quarter. NBC Securities Inc. now owns 18,521 shares of the aerospace company’s stock valued at $347,000 after purchasing an additional 2,752 shares during the period. Stanley Laman Group Ltd. grew its stake in shares of CAE by 6.7% during the 3rd quarter. Stanley Laman Group Ltd. now owns 224,392 shares of the aerospace company’s stock valued at $4,207,000 after purchasing an additional 14,169 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of CAE by 15.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 33,901 shares of the aerospace company’s stock valued at $637,000 after purchasing an additional 4,621 shares during the period. Legacy Wealth Asset Management LLC bought a new stake in shares of CAE during the 3rd quarter valued at about $662,000. Finally, Cromwell Holdings LLC grew its stake in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 915 shares during the period. 67.36% of the stock is currently owned by institutional investors.

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.