CAE (NYSE:CAE) Rating Lowered to Hold at TD Securities

CAE (NYSE:CAE) (TSE:CAE) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently issued reports on the stock. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, CAE has an average rating of “Hold” and an average price target of $25.00.

CAE Stock Up 0.2 %

Shares of NYSE:CAE opened at $23.76 on Monday. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $25.53. The firm’s 50 day moving average price is $22.59 and its 200 day moving average price is $19.71. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of -30.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.72.

Institutional Trading of CAE

Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC lifted its stake in CAE by 3.7% in the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after buying an additional 802 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in CAE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after purchasing an additional 871 shares during the last quarter. Cromwell Holdings LLC boosted its stake in CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the period. Hantz Financial Services Inc. grew its position in CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Allworth Financial LP increased its stake in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

About CAE

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.