CAE (NYSE:CAE) Rating Lowered to Hold at Canaccord Genuity Group

CAE (NYSE:CAEGet Free Report) (TSE:CAE) was downgraded by investment analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.75.

Read Our Latest Research Report on CAE

CAE Stock Down 0.2 %

CAE stock opened at $18.77 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 0.90. CAE has a fifty-two week low of $17.40 and a fifty-two week high of $25.04. The stock has a 50-day simple moving average of $19.91 and a 200-day simple moving average of $20.26. The company has a market capitalization of $5.98 billion, a P/E ratio of 29.33, a PEG ratio of 1.43 and a beta of 1.58.

Hedge Funds Weigh In On CAE

Hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 707 shares during the last quarter. Allworth Financial LP boosted its holdings 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. Hillsdale Investment Management Inc. lifted its position in 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 buying an additional 500 shares during the period. Spire Wealth Management grew its holdings in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after buying an additional 697 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 935 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

(Get Free Report)

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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Analyst Recommendations for CAE (NYSE:CAE)

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