CAE Inc (CAE) Stock Rating Lowered by Zacks Investment Research

CAE Inc (NYSE:CAE) (TSE:CAE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

Several other analysts have also recently commented on CAE. BidaskClub cut shares of CAE from a “strong-buy” rating to a “buy” rating in a research note 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 for the company in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, AltaCorp Capital restated a “hold” rating and issued a $21.00 target price on shares of CAE in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.33.

CAE (CAE) traded up $0.48 during mid-day trading on Wednesday, hitting $17.78. 466,400 shares of the stock traded hands, compared to its average volume of 239,691. CAE has a one year low of $13.75 and a one year high of $18.25. The firm has a market cap of $4,730.00, a PE ratio of 22.18, a PEG ratio of 2.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.69 and a quick ratio of 1.24.

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Several hedge funds and other institutional investors have recently made changes to their positions in CAE. Advisor Group Inc. lifted its stake in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 3,354 shares during the period. US Bancorp DE lifted its stake in shares of CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after purchasing an additional 3,311 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CAE in the second quarter valued at about $225,000. Greenleaf Trust acquired a new stake in shares of CAE in the second quarter valued at about $231,000. Finally, Citadel Advisors LLC acquired a new stake in shares of CAE in the second quarter valued at about $248,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.

About CAE

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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