CAE (NYSE:CAE) Upgraded to Buy at Desjardins

CAE (NYSE:CAE) (TSE:CAE) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, CAE currently has an average rating of “Hold” and an average price target of $25.00.

CAE Stock Up 1.1 %

Shares of NYSE:CAE opened at $24.81 on Monday. CAE has a 1-year low of $15.95 and a 1-year high of $24.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a market cap of $7.90 billion, a P/E ratio of -32.22, a P/E/G ratio of 1.73 and a beta of 1.74. The firm has a fifty day moving average price of $21.39 and a 200 day moving average price of $19.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its holdings in CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after purchasing an additional 5,640,269 shares in the last quarter. Earnest Partners LLC acquired a new stake in shares of CAE in the 2nd quarter valued at approximately $82,597,000. National Bank of Canada FI boosted its stake in shares of CAE by 36.4% in the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after buying an additional 1,466,880 shares in the last quarter. American Century Companies Inc. grew its holdings in CAE by 67.9% during the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock worth $30,176,000 after acquiring an additional 657,227 shares during the period. Finally, Toronto Dominion Bank raised its position in CAE by 40.6% in the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after acquiring an additional 412,906 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.