CAE (NYSE:CAE) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of CAE (NYSE:CAE – Get Rating) (TSE:CAE) in a research report report published on Thursday morning. The firm issued a buy rating on the aerospace company’s stock.

Several other analysts also recently weighed in on CAE. Desjardins lifted their price objective on CAE from C$35.00 to C$36.00 in a report on Wednesday, February 15th. Royal Bank of Canada lifted their price objective on CAE from C$33.00 to C$37.00 in a report on Wednesday, February 15th. BMO Capital Markets lifted their target price on CAE from C$33.00 to C$35.00 in a research note on Wednesday, February 15th. Morgan Stanley upgraded CAE from an equal weight rating to an overweight rating in a research note on Monday, December 12th. Finally, Scotiabank lifted their target price on CAE from C$35.00 to C$37.00 in a research note on Wednesday, February 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, CAE presently has a consensus rating of Moderate Buy and a consensus price target of $33.25.

CAE Stock Performance

CAE stock opened at $20.78 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.97 and a quick ratio of 0.71. The business has a 50-day moving average price of $22.05 and a 200 day moving average price of $19.90. The company has a market capitalization of $6.61 billion, a P/E ratio of 48.33, a PEG ratio of 2.46 and a beta of 1.69. CAE has a 1-year low of $15.23 and a 1-year high of $27.95.

Institutional Investors Weigh In On CAE

Large investors have recently modified their holdings of the business. CWM LLC grew its stake in shares of CAE by 698.4% during the fourth quarter. CWM LLC now owns 1,453 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 1,271 shares during the last quarter. Addison Advisors LLC purchased a new stake in shares of CAE during the fourth quarter worth about $49,000. Gulf International Bank UK Ltd grew its stake in shares of CAE by 15.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 3,398 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 450 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of CAE by 16.0% during the third quarter. Quadrant Capital Group LLC now owns 3,823 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 528 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake 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 acquiring an additional 1,223 shares during the last quarter. Hedge funds and other institutional investors own 62.00% of the company’s stock.

About CAE

(Get Rating)

CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.