CAE (NYSE:CAE) Upgraded by StockNews.com to Buy

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

Several other equities analysts have also recently issued reports on CAE. TD Securities boosted their target price on shares of CAE from C$33.00 to C$34.00 in a research note on Friday, November 11th. Canaccord Genuity Group decreased their target price on shares of CAE from C$36.00 to C$30.00 in a research note on Monday, August 15th. BMO Capital Markets cut their price target on shares of CAE from C$36.00 to C$33.00 in a report on Friday, August 26th. Scotiabank boosted their price target on shares of CAE from C$30.00 to C$35.00 in a report on Friday, November 11th. Finally, The Goldman Sachs Group cut their price target on shares of CAE from $27.00 to $24.00 and set a buy rating for the company in a report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CAE presently has an average rating of Moderate Buy and an average target price of $33.67.

CAE Stock Performance

CAE opened at $21.49 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.03 and a quick ratio of 0.76. The firm has a fifty day moving average price of $17.95 and a 200 day moving average price of $21.37. CAE has a 1 year low of $15.23 and a 1 year high of $27.97. The stock has a market cap of $6.83 billion, a P/E ratio of 69.32, a P/E/G ratio of 2.67 and a beta of 1.62.

Institutional Investors Weigh In On CAE

Large investors have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in shares of CAE by 135.1% during the second quarter. Parallel Advisors LLC now owns 1,535 shares of the aerospace company’s stock worth $38,000 after buying an additional 882 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of CAE by 40.9% during the first quarter. Quadrant Capital Group LLC now owns 3,387 shares of the aerospace company’s stock worth $89,000 after buying an additional 983 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CAE by 16.7% during the first quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock worth $100,000 after buying an additional 552 shares in the last quarter. US Bancorp DE grew its holdings in shares of CAE by 24.2% during the second quarter. US Bancorp DE now owns 3,937 shares of the aerospace company’s stock worth $98,000 after buying an additional 767 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CAE by 42.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock worth $107,000 after buying an additional 1,223 shares in the last quarter. Hedge funds and other institutional investors own 60.92% of the company’s stock.

CAE Company Profile

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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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Analyst Recommendations for CAE (NYSE:CAE)

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