CAE (NYSE:CAE) Cut to “Hold” at TD Securities

CAE (NYSE:CAE) (TSE:CAE) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Monday,Briefing.com Automated Import reports.

A number of other equities research analysts have also recently issued reports on the company. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.00.

CAE Stock Performance

CAE opened at $24.33 on Monday. The business’s 50-day simple moving average is $22.39 and its 200 day simple moving average is $19.64. CAE has a 52-week low of $15.95 and a 52-week high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The firm has a market capitalization of $7.75 billion, a PE ratio of -31.60, a PEG ratio of 1.73 and a beta of 1.74.

Institutional Trading of CAE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Cromwell Holdings LLC lifted its holdings in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of CAE in the 3rd quarter valued at about $74,000. Allworth Financial LP boosted its position in shares of CAE by 26.1% during the 3rd 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 in the last quarter. US Bancorp DE grew its stake in CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after purchasing an additional 1,803 shares during the period. Finally, Centiva Capital LP bought a new stake in CAE in the third quarter worth approximately $197,000. 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, 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.