National Bank Financial Downgrades CAE (NYSE:CAE) to Sector Perform

CAE (NYSE:CAE) (TSE:CAE) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Wednesday, MarketBeat Ratings reports.

CAE has been the subject of several other research reports. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

CAE Trading Up 0.7 %

CAE stock opened at $24.36 on Wednesday. The business has a fifty day moving average of $23.74 and a 200-day moving average of $20.12. The company has a market cap of $7.79 billion, a P/E ratio of -31.64, a PEG ratio of 1.84 and a beta of 1.72. CAE has a twelve month low of $15.95 and a twelve month high of $25.53. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On CAE

Several large investors have recently modified their holdings of the business. Brandes Investment Partners LP grew its position in shares of 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 during the period. National Bank of Canada FI lifted its stake in CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after buying an additional 736,895 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after buying an additional 77,489 shares during the period. Earnest Partners LLC bought a new stake in shares of CAE during the second quarter worth $82,597,000. Finally, Nexus Investment Management ULC raised its holdings in shares of CAE by 2.8% during the third quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock worth $27,950,000 after acquiring an additional 40,000 shares during the period. 67.36% of the stock is currently 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.