CAE (NYSE:CAE) Reaches New 52-Week High – Here’s What Happened

CAE Inc. (NYSE:CAE) (TSE:CAE)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $25.35 and last traded at $25.34, with a volume of 119039 shares. The stock had previously closed at $25.32.

Analyst Upgrades and Downgrades

CAE has been the topic of several analyst reports. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

CAE Price Performance

The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of -32.96, a P/E/G ratio of 1.73 and a beta of 1.74. The company’s 50 day moving average is $22.01 and its 200-day moving average is $19.52. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On CAE

Several institutional investors have recently made changes to their positions in CAE. Bank of Montreal Can increased its holdings in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after buying an additional 77,489 shares in the last quarter. Canada Pension Plan Investment Board raised its position in CAE by 9.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after purchasing an additional 89,800 shares during the last quarter. Clearline Capital LP bought a new stake in shares of CAE during the second quarter worth about $2,290,000. Intech Investment Management LLC bought a new position in CAE in the 3rd quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. boosted its position in CAE by 3.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after buying an additional 32,328 shares during the period. 67.36% of the stock is currently owned by institutional investors.

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.