CAE (NYSE:CAE) Rating Lowered to Hold at Canaccord Genuity Group

CAE (NYSE:CAE) (TSE:CAE) was downgraded by Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report issued on Wednesday, Briefing.com reports.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group increased their price objective on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.75.

CAE Price Performance

Shares of CAE stock opened at $19.83 on Wednesday. The company has a market capitalization of $6.31 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The firm has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $20.28. 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 twelve month low of $18.26 and a twelve month high of $25.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its holdings in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after buying an additional 707 shares during the period. Allworth Financial LP lifted its position in CAE by 678.3% in the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,343 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Spire Wealth Management lifted its position in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in CAE by 85.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 935 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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.