CAE (NYSE:CAE) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reiterated their hold rating on shares of CAE (NYSE:CAE) (TSE:CAE) in a research note issued to investors on Wednesday morning, StockNewsAPI reports.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group lowered CAE from a buy rating to a hold rating in a research report on Wednesday. StockNews.com upgraded CAE from a hold rating to a buy rating in a research report on Tuesday, February 20th. 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 note on Tuesday, April 16th. Finally, Desjardins downgraded shares of CAE from a buy rating to a hold rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $34.75.

CAE Stock Down 5.2 %

Shares of NYSE:CAE opened at $18.80 on Wednesday. CAE has a 1 year low of $17.40 and a 1 year high of $25.04. The business has a 50 day simple moving average of $19.93 and a two-hundred day simple moving average of $20.27. The firm has a market capitalization of $5.99 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68.

Hedge Funds Weigh In On CAE

A number of large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. raised its stake in CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after buying an additional 500 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in CAE by 1.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock worth $718,000 after buying an additional 560 shares in the last quarter. Spire Wealth Management raised its stake in CAE by 52.8% in the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after buying an additional 697 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares in the last quarter. Finally, Pacifica Partners Inc. raised its stake in CAE by 24.6% in the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after buying an additional 793 shares in the last quarter. Institutional investors 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.