ValuEngine cut shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note published on Thursday morning.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of CAE from a hold rating to a buy rating and set a $20.00 target price on the stock in a research note on Tuesday, November 14th. AltaCorp Capital reissued a hold rating and set a $21.00 target price on shares of CAE in a research note on Sunday, November 12th. BMO Capital Markets raised shares of CAE from a market perform rating to an outperform rating and set a $23.00 target price on the stock in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of CAE from a sell rating to a strong sell rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $21.33.
Shares of CAE (CAE) traded up $0.18 during midday trading on Thursday, reaching $17.87. 322,308 shares of the company traded hands, compared to its average volume of 261,415. The company has a market capitalization of $4,791.91, a price-to-earnings ratio of 22.91, a PEG ratio of 2.13 and a beta of 0.87. CAE has a fifty-two week low of $13.75 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 1.69.
Several hedge funds have recently made changes to their positions in CAE. Artisan Partners Limited Partnership purchased a new stake in shares of CAE in the third quarter valued at about $9,828,000. CIBC World Markets Inc. raised its holdings in shares of CAE by 23.5% in the second quarter. CIBC World Markets Inc. now owns 2,143,727 shares of the aerospace company’s stock valued at $36,958,000 after purchasing an additional 407,235 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of CAE by 6.0% in the second quarter. TD Asset Management Inc. now owns 6,597,892 shares of the aerospace company’s stock valued at $113,597,000 after purchasing an additional 376,314 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CAE by 36.7% in the second quarter. JPMorgan Chase & Co. now owns 1,117,105 shares of the aerospace company’s stock valued at $19,258,000 after purchasing an additional 300,070 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after purchasing an additional 266,410 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.
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CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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