CAE (NYSE:CAE) Stock Rating Lowered by Desjardins

CAE (NYSE:CAE) (TSE:CAE) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.

CAE has been the subject of a number of other research reports. Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their price target on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.75.

CAE Trading Down 5.2 %

Shares of CAE opened at $18.80 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. CAE has a 12-month low of $17.40 and a 12-month high of $25.04. The firm has a 50-day moving average price of $19.93 and a 200 day moving average price of $20.27. The firm has a market capitalization of $5.99 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.53 and a beta of 1.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its stake in CAE by 12.9% in the third quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after acquiring an additional 538,838 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of CAE by 6.7% during the 4th quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after buying an additional 2,083,595 shares during the last quarter. Pacifica Partners Inc. lifted its position in shares of CAE by 24.6% during the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after buying an additional 793 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CAE by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock worth $247,669,000 after buying an additional 152,778 shares during the last quarter. Finally, Phoenix Holdings Ltd. purchased a new stake in shares of CAE during the 3rd quarter worth approximately $1,417,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.