CAE (NYSE:CAE) Sets New 52-Week High – Here’s Why

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) reached a new 52-week high on Monday . The company traded as high as $24.03 and last traded at $23.89, with a volume of 35325 shares changing hands. The stock had previously closed at $23.77.

Wall Street Analyst Weigh In

CAE has been the subject of several recent research reports. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, CAE currently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Stock Up 0.9 %

The stock has a fifty day moving average of $21.14 and a 200 day moving average of $19.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The firm has a market capitalization of $7.64 billion, a P/E ratio of -31.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74.

Hedge Funds Weigh In On CAE

A number of hedge funds and other institutional investors have recently made changes to their positions in CAE. IHT Wealth Management LLC raised its position in CAE by 3.7% in the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 802 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 871 shares during the last quarter. Cromwell Holdings LLC raised its holdings in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the period. Hantz Financial Services Inc. lifted its stake in CAE by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.