CAE (NYSE:CAE) Downgraded to Hold Rating by TD Securities

TD Securities lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports.

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

CAE Trading Down 2.4 %

NYSE CAE opened at $23.74 on Monday. CAE has a 12 month low of $15.95 and a 12 month high of $25.53. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $22.49 and its 200-day moving average price is $19.68. The stock has a market cap of $7.56 billion, a P/E ratio of -30.83, a P/E/G ratio of 1.73 and a beta of 1.72.

Hedge Funds Weigh In On CAE

Hedge funds have recently made changes to their positions in the business. Cromwell Holdings LLC raised its position in shares of CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of CAE during the 3rd quarter valued at approximately $74,000. Allworth Financial LP grew its holdings in shares of CAE by 26.1% in the third 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 in the last quarter. US Bancorp DE raised its stake in CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP bought a new position in CAE during the third quarter valued at $197,000. Institutional investors own 67.36% of the company’s stock.

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.