CAE (NYSE:CAE) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a research note published on Thursday.

A number of other analysts have also weighed in on CAE. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.00.

CAE Trading Down 1.1 %

NYSE CAE opened at $21.75 on Thursday. CAE has a 12 month low of $15.95 and a 12 month high of $22.11. The company’s 50-day moving average price is $18.61 and its 200-day moving average price is $18.58. The stock has a market cap of $6.93 billion, a PE ratio of -28.25, a PEG ratio of 1.61 and a beta of 1.67. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in CAE during the 2nd quarter valued at approximately $33,000. Cromwell Holdings LLC raised its stake 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 buying an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of CAE in the third quarter worth about $74,000. Finally, Lazard Asset Management LLC acquired a new stake in CAE during the first quarter worth about $77,000. 67.36% of the stock is 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.