CAE (NYSE:CAE) Stock Rating Lowered by TD Securities

CAE (NYSE:CAE) (TSE:CAE) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Monday,Briefing.com Automated Import reports.

A number of other equities research analysts have also commented on the company. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.00.

CAE Stock Performance

Shares of NYSE CAE opened at $24.33 on Monday. The stock’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $19.64. 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 has a market capitalization of $7.75 billion, a price-to-earnings ratio of -31.60, a PEG ratio of 1.73 and a beta of 1.74. CAE has a 52-week low of $15.95 and a 52-week high of $25.53.

Institutional Trading of CAE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its position in shares of CAE by 3.7% during the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after buying an additional 802 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after acquiring an additional 871 shares during the period. Cromwell Holdings LLC raised its position 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 acquiring an additional 915 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the period. 67.36% of the stock is 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.