CAE (NYSE:CAE) Cut to “Hold” at Cibc World Mkts

Cibc World Mkts cut shares of CAE (NYSE:CAE) (TSE:CAE) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on CAE. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.00.

CAE Stock Performance

Shares of CAE stock opened at $23.51 on Wednesday. The firm’s 50 day moving average is $20.17 and its 200 day moving average is $18.86. The stock has a market capitalization of $7.49 billion, a P/E ratio of -30.53, a PEG ratio of 1.73 and a beta of 1.74. CAE has a 12 month low of $15.95 and a 12 month high of $24.02. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On CAE

A number of large investors have recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after acquiring an additional 802 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after purchasing an additional 871 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the period. Hantz Financial Services Inc. grew its position in shares of CAE by 1.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after buying an additional 1,223 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of CAE by 4.5% during the second quarter. Assenagon Asset Management S.A. now owns 29,280 shares of the aerospace company’s stock valued at $544,000 after buying an additional 1,264 shares during the period. 67.36% of the stock is owned by hedge funds and other 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.