CAE (NYSE:CAE) Hits New 52-Week High – What’s Next?

CAE Inc. (NYSE:CAE) (TSE:CAE) hit a new 52-week high during mid-day trading 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 Analysts Forecast Growth

A number of analysts have weighed in on CAE shares. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, CAE has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Price Performance

The firm’s 50-day moving average price is $18.69 and its 200 day moving average price is $18.59. 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

A number of large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its holdings in shares of CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 802 shares during the period. Confluence Investment Management LLC boosted its holdings in CAE by 3.5% in the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after acquiring an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares during the period. Cromwell Holdings LLC grew its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

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.