CAE (NYSE:CAE) Hits New 12-Month High – Time to Buy?

CAE Inc. (NYSE:CAE) (TSE:CAE)’s share price reached a new 52-week high on Tuesday . The company traded as high as $22.47 and last traded at $22.34, with a volume of 28090 shares changing hands. The stock had previously closed at $22.26.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

CAE Trading Up 0.9 %

The company’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $18.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp grew its position in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after buying an additional 1,100 shares during the period. Intech Investment Management LLC bought a new stake in shares of CAE in the 1st quarter worth approximately $305,000. Vanguard Group Inc. grew its holdings in CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock valued at $223,593,000 after purchasing an additional 127,504 shares during the period. Clearbridge Investments LLC raised its stake in shares of CAE by 17.1% in the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after buying an additional 541,066 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in CAE by 104.5% during the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

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.