Desjardins Downgrades CAE (NYSE:CAE) to Hold

Desjardins lowered shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Several other equities research analysts also recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of CAE from $25.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. StockNews.com upgraded CAE from a hold rating to a buy rating in a research note on Tuesday, February 20th. Finally, Scotiabank downgraded CAE from a sector outperform rating to a sector perform rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $34.75.

CAE Stock Performance

NYSE CAE opened at $18.77 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $19.91 and a 200 day simple moving average of $20.26. CAE has a 12-month low of $17.40 and a 12-month high of $25.04. The company has a market cap of $5.98 billion, a P/E ratio of 29.33, a PEG ratio of 1.43 and a beta of 1.58.

Institutional Investors Weigh In On CAE

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Allworth Financial LP grew its holdings in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,343 shares in the last quarter. M&T Bank Corp grew its stake in CAE by 16.9% in the 3rd quarter. M&T Bank Corp now owns 130,748 shares of the aerospace company’s stock valued at $3,053,000 after purchasing an additional 18,939 shares during the period. Signaturefd LLC increased its position in shares of CAE by 15.9% during the 3rd quarter. Signaturefd LLC now owns 10,129 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 1,387 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares during the period. Finally, Barclays PLC boosted its holdings in shares of CAE by 754.4% in the 3rd quarter. Barclays PLC now owns 95,080 shares of the aerospace company’s stock worth $2,220,000 after buying an additional 83,952 shares during the last quarter. Hedge funds and other 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.