CAE (NYSE:CAE) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note published on Wednesday morning.

A number of other analysts have also commented on the company. Canaccord Genuity Group reissued a hold rating on shares of CAE in a report on Wednesday. The Goldman Sachs Group raised their price objective on CAE from $25.00 to $29.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Desjardins lowered shares of CAE from a buy rating to a hold rating in a research note on Tuesday. Finally, Canaccord Genuity Group cut shares of CAE from a buy rating to a hold rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $34.75.

CAE Trading Down 5.2 %

NYSE:CAE opened at $18.80 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. CAE has a one year low of $17.40 and a one year high of $25.04. The company has a market cap of $5.99 billion, a PE ratio of 29.38, a PEG ratio of 1.53 and a beta of 1.58. The firm has a 50-day moving average of $19.93 and a 200-day moving average of $20.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAE. Jane Street Group LLC raised its holdings in shares of CAE by 97.2% in the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after purchasing an additional 150,429 shares during the period. Dynasty Wealth Management LLC purchased a new stake in CAE in the first quarter worth $235,000. Janus Henderson Group PLC raised its stake in shares of CAE by 5.8% in the first quarter. Janus Henderson Group PLC now owns 52,483 shares of the aerospace company’s stock valued at $1,085,000 after buying an additional 2,900 shares during the period. Lazard Asset Management LLC purchased a new position in shares of CAE during the 1st quarter valued at $77,000. Finally, 1832 Asset Management L.P. grew its stake in shares of CAE by 1.5% during the 1st quarter. 1832 Asset Management L.P. now owns 1,881,594 shares of the aerospace company’s stock worth $38,836,000 after acquiring an additional 27,299 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.