CAE (NYSE:CAE) Sets New 12-Month High – Should You Buy?

CAE Inc. (NYSE:CAE) (TSE:CAE)’s stock price reached a new 52-week high on Monday . The company traded as high as $24.03 and last traded at $23.89, with a volume of 35325 shares changing hands. The stock had previously closed at $23.77.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Stock Up 0.9 %

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’s 50 day moving average price is $21.14 and its two-hundred day moving average price is $19.19. The company has a market cap of $7.64 billion, a P/E ratio of -31.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74.

Institutional Investors Weigh In On CAE

Several hedge funds and other institutional investors have recently bought and sold shares of CAE. Brandes Investment Partners LP lifted its holdings in shares of CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares in the last quarter. Earnest Partners LLC bought a new position in shares of CAE in the second quarter valued at $82,597,000. National Bank of Canada FI grew its holdings in shares of CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after buying an additional 1,466,880 shares during the last quarter. American Century Companies Inc. increased its position in shares of CAE by 67.9% during the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock worth $30,176,000 after acquiring an additional 657,227 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after acquiring an additional 412,906 shares during the last quarter. 67.36% of the stock is 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.