CAE (NYSE:CAE) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of CAE (NYSE:CAEGet Rating) (TSE:CAE) from a hold rating to a buy rating in a report released on Tuesday.

A number of other equities research analysts have also commented on CAE. The Goldman Sachs Group dropped their price objective on shares of CAE from $27.00 to $24.00 and set a buy rating on the stock in a report on Monday, November 14th. TD Securities raised their target price on shares of CAE from C$33.00 to C$34.00 in a research report on Friday, November 11th. National Bank Financial decreased their target price on shares of CAE from C$38.00 to C$33.00 in a research report on Wednesday, November 2nd. Royal Bank of Canada decreased their target price on shares of CAE from $40.00 to $37.00 and set an outperform rating for the company in a research report on Thursday, August 11th. Finally, Scotiabank raised their target price on shares of CAE from C$30.00 to C$35.00 in a research report on Friday, November 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $33.67.

CAE Trading Up 0.5 %

Shares of NYSE:CAE opened at $21.59 on Tuesday. CAE has a 12 month low of $15.23 and a 12 month high of $27.97. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $18.10 and its 200 day simple moving average is $21.37. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 69.65, a PEG ratio of 2.70 and a beta of 1.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CAE. Mackenzie Financial Corp grew its position in shares of CAE by 13.8% in the 2nd quarter. Mackenzie Financial Corp now owns 28,687,497 shares of the aerospace company’s stock valued at $706,936,000 after acquiring an additional 3,475,162 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of CAE by 313.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,515,591 shares of the aerospace company’s stock valued at $69,946,000 after acquiring an additional 3,423,142 shares during the period. Jarislowsky Fraser Ltd grew its position in shares of CAE by 24.4% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 15,077,895 shares of the aerospace company’s stock valued at $232,524,000 after acquiring an additional 2,961,939 shares during the period. Wasatch Advisors Inc. bought a new position in shares of CAE in the 1st quarter valued at about $58,679,000. Finally, Clearbridge Investments LLC bought a new stake in shares of CAE during the 2nd quarter worth about $44,040,000. Institutional investors own 60.92% of the company’s stock.

About CAE

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

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