CAE Inc (NYSE:CAE) (TSE:CAE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $20.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.83% from the company’s previous close.

According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “

CAE has been the topic of several other reports. BidaskClub cut shares of CAE from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. BMO Capital Markets upgraded shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, AltaCorp Capital restated a “hold” rating and set a $21.00 target price on shares of CAE in a research report on Sunday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.33.

Shares of CAE (NYSE CAE) traded up $0.13 during midday trading on Tuesday, hitting $17.57. 324,800 shares of the stock traded hands, compared to its average volume of 237,657. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.24. The stock has a market cap of $4,660.00, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89. CAE has a 52-week low of $13.75 and a 52-week high of $18.25.

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A number of institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc. raised its position in CAE by 2.0% in the 3rd quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after purchasing an additional 134,343 shares during the period. Vanguard Group Inc. raised its position in CAE by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock worth $101,740,000 after purchasing an additional 266,410 shares during the period. CIBC World Markets Inc. raised its position in CAE by 23.5% in the 2nd quarter. CIBC World Markets Inc. now owns 2,143,727 shares of the aerospace company’s stock worth $36,958,000 after purchasing an additional 407,235 shares during the period. Arrowstreet Capital Limited Partnership raised its position in CAE by 25.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,161,800 shares of the aerospace company’s stock worth $20,008,000 after purchasing an additional 232,702 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of CAE by 36.7% during the second quarter. JPMorgan Chase & Co. now owns 1,117,105 shares of the aerospace company’s stock worth $19,258,000 after acquiring an additional 300,070 shares during the period. 53.03% of the stock is currently owned by institutional investors.

CAE Company Profile

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

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