CAE (NYSE:CAE) Upgraded at Desjardins

Desjardins upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a report published on Monday morning, MarketBeat.com reports.

Several other research firms also recently issued reports on CAE. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, CAE has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Stock Up 1.1 %

CAE stock opened at $24.81 on Monday. The company has a market capitalization of $7.90 billion, a PE ratio of -32.22, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $24.85. The firm has a 50 day moving average price of $21.51 and a 200 day moving average price of $19.31.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after acquiring an additional 77,489 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in CAE by 9.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Clearline Capital LP acquired a new position in CAE in the second quarter valued at approximately $2,290,000. Intech Investment Management LLC purchased a new position in CAE in the third quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. raised its holdings in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after purchasing an additional 32,328 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

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, 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.