CAE (NYSE:CAE) Stock Rating Reaffirmed by Canaccord Genuity Group

CAE (NYSE:CAE) (TSE:CAE)‘s stock had its “hold” rating reiterated by analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, StockNewsAPI reports.

CAE has been the subject of a number of other research reports. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and a consensus price target of $34.75.

CAE Price Performance

Shares of NYSE:CAE opened at $18.77 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.98 billion, a PE ratio of 29.33, a P/E/G ratio of 1.43 and a beta of 1.58. CAE has a twelve month low of $17.40 and a twelve month high of $25.04. The company has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $20.26.

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. JARISLOWSKY FRASER Ltd raised its stake in CAE by 28.5% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after purchasing an additional 3,843,611 shares in the last quarter. Norges Bank purchased a new position in shares of CAE during the fourth quarter worth approximately $74,413,000. Mackenzie Financial Corp raised its stake in shares of CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after acquiring an additional 2,083,595 shares in the last quarter. AGF Management Ltd. raised its stake in shares of CAE by 174.1% during the fourth quarter. AGF Management Ltd. now owns 1,188,038 shares of the aerospace company’s stock worth $26,348,000 after acquiring an additional 754,648 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of CAE by 17.1% during the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock worth $76,575,000 after acquiring an additional 541,066 shares in the last quarter. 67.36% of the stock is 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.