CAE (NYSE:CAE) Downgraded by Desjardins to “Hold”

Desjardins downgraded shares of CAE (NYSE:CAEFree Report) (TSE:CAE) from a buy rating to a hold rating in a research note published on Tuesday morning, Marketbeat reports.

Other research analysts also recently issued reports about the company. Scotiabank downgraded CAE from a sector outperform rating to a sector perform rating in a research report on Monday, January 22nd. StockNews.com upgraded CAE from a hold rating to a buy rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their target price on CAE from $25.00 to $29.00 and gave the company a buy rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, CAE currently has a consensus rating of Hold and an average target price of $34.75.

Read Our Latest Stock Report on CAE

CAE Trading Down 2.1 %

Shares of CAE opened at $19.83 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. CAE has a 1 year low of $18.26 and a 1 year high of $25.04. The company has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $20.28. The firm has a market cap of $6.31 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58.

Institutional Trading of CAE

Institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its position in CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. Allworth Financial LP lifted its position in shares of CAE by 678.3% during the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the last quarter. Spire Wealth Management lifted its position in shares of CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 697 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of CAE by 85.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

About CAE

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.

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