StockNews.com Upgrades CAE (NYSE:CAE) to Buy

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

CAE has been the topic of a number of other reports. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

CAE Price Performance

Shares of NYSE CAE opened at $21.75 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 0.84. The firm 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. CAE has a one year low of $15.95 and a one year high of $22.11. The firm has a fifty day moving average of $18.61 and a 200 day moving average of $18.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CAE. Ridgewood Investments LLC purchased a new position in CAE during the second quarter worth about $33,000. Cromwell Holdings LLC increased its stake in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake 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 acquiring an additional 1,100 shares during the period. Venturi Wealth Management LLC acquired a new position in CAE during the third quarter worth $74,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of CAE in the first quarter valued at $77,000. Institutional investors and hedge funds 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.