CAE (NYSE:CAE) Lowered to Hold Rating by StockNews.com

CAE (NYSE:CAE) (TSE:CAE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also recently weighed in on CAE. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Price Performance

Shares of NYSE CAE opened at $23.55 on Tuesday. The firm has a market capitalization of $7.53 billion, a P/E ratio of -30.58, a P/E/G ratio of 1.79 and a beta of 1.72. 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 stock’s 50-day simple moving average is $23.98 and its two-hundred day simple moving average is $20.65. CAE has a twelve month low of $15.95 and a twelve month high of $25.53.

Hedge Funds Weigh In On CAE

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its position in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after buying an additional 77,489 shares during the period. Intech Investment Management LLC bought a new stake in shares of CAE during the 3rd quarter valued at $2,432,000. Pinnacle Associates Ltd. increased its stake in shares of CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after purchasing an additional 32,328 shares in the last quarter. Geode Capital Management LLC raised its holdings in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after purchasing an additional 103,081 shares during the period. Finally, Nexus Investment Management ULC lifted its position in CAE by 2.8% during the third quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock valued at $27,950,000 after purchasing an additional 40,000 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

About CAE

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.