The stock of Cae Inc (USA) (NYSE:CAE) hit a new 52-week high and has $15.50 target or 5.00% above today’s $14.76 share price. The 8 months bullish chart indicates low risk for the $4.04B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $15.50 price target is reached, the company will be worth $202.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,351 shares traded hands. Cae Inc (USA) (NYSE:CAE) has risen 25.13% since April 20, 2016 and is uptrending. It has outperformed by 20.57% the S&P500.
Cae Inc (USA) (NYSE:CAE) Ratings Coverage
Out of 8 analysts covering CAE Inc. (NYSE:CAE), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. $20 is the highest target while $17 is the lowest. The $18.33 average target is 24.19% above today’s ($14.76) stock price. CAE Inc. has been the topic of 14 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, August 14 by Zacks. The stock of Cae Inc (USA) (NYSE:CAE) has “Market Perform” rating given on Friday, May 20 by BMO Capital Markets. The stock of Cae Inc (USA) (NYSE:CAE) earned “Outperform” rating by National Bank Canada on Friday, May 6. The firm earned “Outperform” rating on Friday, February 12 by BMO Capital Markets. As per Wednesday, August 26, the company rating was downgraded by Zacks. The company was downgraded on Tuesday, September 22 by Zacks. The firm has “Outperform” rating by Macquarie Research given on Friday, May 27. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, November 11 report. Zacks downgraded the stock to “Hold” rating in Tuesday, September 1 report. On Thursday, August 13 the stock rating was upgraded by Desjardins Securities to “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.53, from 1.53 in 2016Q1. The ratio fall, as 7 funds sold all Cae Inc (USA) shares owned while 36 reduced positions. 13 funds bought stakes while 53 increased positions. They now own 144.39 million shares or 6.23% less from 153.98 million shares in 2016Q1.
Ww Asset Incorporated holds 16,766 shares or 0.01% of its portfolio. Dekabank Deutsche Girozentrale last reported 0% of its portfolio in the stock. Bancorporation Of Montreal Can holds 0.03% of its portfolio in Cae Inc (USA) (NYSE:CAE) for 2.05 million shares. Moreover, Paloma Prtn Mngmt Co has 0% invested in Cae Inc (USA) (NYSE:CAE) for 32,170 shares. Morgan Stanley accumulated 2.00M shares or 0.01% of the stock. Moreover, Pinnacle Assocs Ltd has 0.77% invested in Cae Inc (USA) (NYSE:CAE) for 2.94 million shares. The New York-based D E Shaw Company Inc has invested 0% in Cae Inc (USA) (NYSE:CAE). Glenmede Trust Na last reported 0% of its portfolio in the stock. Comerica State Bank holds 0% of its portfolio in Cae Inc (USA) (NYSE:CAE) for 14,448 shares. Invesco Ltd accumulated 0% or 657,527 shares. Moreover, Denver Inv Advsrs has 0.04% invested in Cae Inc (USA) (NYSE:CAE) for 72,060 shares. Mackenzie Fin Corporation has invested 0.43% of its portfolio in Cae Inc (USA) (NYSE:CAE). Credit Suisse Ag reported 512,613 shares or 0.01% of all its holdings. 1832 Asset Limited Partnership, a Ontario – Canada-based fund reported 142,918 shares. The North Carolina-based State Bank Of America Corp De has invested 0% in Cae Inc (USA) (NYSE:CAE).
More news for Cae Inc (USA) (NYSE:CAE) were recently published by: Fool.ca, which released: “Is CAE Inc. the Top Aerospace Stock to Buy Today?” on May 28, 2015. Fool.ca‘s article titled: “3 Reasons to Sell Bombardier Inc. and Buy CAE Inc.” and published on February 24, 2015 is yet another important article.
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