CAE (NYSE:CAE) Downgraded by StockNews.com to “Hold”

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

Several other research analysts have also weighed in on the company. Canaccord Genuity Group reissued a hold rating on shares of CAE in a research report on Wednesday. Canaccord Genuity Group downgraded CAE from a buy rating to a hold rating in a report on Wednesday. Desjardins lowered CAE from a buy rating to a hold rating in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group raised their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $34.75.

CAE Price Performance

Shares of NYSE CAE opened at $18.65 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 29.14, a P/E/G ratio of 1.41 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE has a twelve month low of $17.40 and a twelve month high of $25.04. The firm has a fifty day simple moving average of $19.89 and a 200 day simple moving average of $20.23.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently modified their holdings of the company. JARISLOWSKY FRASER Ltd lifted its holdings in shares of CAE by 28.5% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock worth $375,982,000 after purchasing an additional 3,843,611 shares in the last quarter. Norges Bank bought a new position in shares of CAE in the fourth quarter valued at $74,413,000. Mackenzie Financial Corp grew its holdings 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 valued at $719,443,000 after buying an additional 2,083,595 shares during the last quarter. AGF Management Ltd. grew its holdings 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 valued at $26,348,000 after buying an additional 754,648 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of CAE by 17.1% in the 1st 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 during the last quarter. 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.