Is Buying 52-Week Stock Like CAE Inc. (CAE) a Winning Strategy?

June 14, 2018 - By Michael Collier

CAE Inc. (NYSE:CAE) Logo

Investors sentiment increased to 1.29 in Q1 2018. Its up 0.10, from 1.19 in 2017Q4. It improved, as 15 investors sold CAE Inc. shares while 41 reduced holdings. 21 funds opened positions while 51 raised stakes. 125.87 million shares or 1.82% less from 128.20 million shares in 2017Q4 were reported.
Fmr Ltd Co holds 3.37 million shares. Aqr Capital Mngmt holds 0% or 229,052 shares in its portfolio. Bancorp Of Montreal Can reported 2.48M shares. Legal General Grp Public Limited Com has invested 0% in CAE Inc. (NYSE:CAE). Comerica Retail Bank invested 0% in CAE Inc. (NYSE:CAE). Bancshares Of America De invested in 0% or 830,588 shares. Northern Trust has invested 0% in CAE Inc. (NYSE:CAE). Earnest Prtn Ltd Com holds 38 shares or 0% of its portfolio. 73,205 are owned by Denver Inv Advsr Ltd Liability Corp. Price T Rowe Assocs Inc Md owns 1.82 million shares. Nexus Inv holds 2.72% or 951,659 shares in its portfolio. Lenox Wealth Mgmt has 1.12% invested in CAE Inc. (NYSE:CAE). Moreover, Reilly Limited Liability Corp has 0% invested in CAE Inc. (NYSE:CAE) for 1,050 shares. Advsrs Asset Mgmt holds 0.03% of its portfolio in CAE Inc. (NYSE:CAE) for 82,601 shares. Connor Clark & Lunn Mgmt Limited invested in 1.19% or 10.60 million shares.

The stock of CAE Inc. (NYSE:CAE) hit a new 52-week high and has $22.76 target or 8.00 % above today’s $21.07 share price. The 9 months bullish chart indicates low risk for the $5.62B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $22.76 price target is reached, the company will be worth $449.76 million 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.

The stock decreased 1.22% or $0.26 during the last trading session, reaching $21.07. About 28,652 shares traded. CAE Inc. (NYSE:CAE) has risen 27.14% since June 14, 2017 and is uptrending. It has outperformed by 14.57% the S&P500.

Analysts await CAE Inc. (NYSE:CAE) to report earnings on August, 9. They expect $0.21 earnings per share, up 16.67 % or $0.03 from last year’s $0.18 per share. CAE’s profit will be $56.03M for 25.08 P/E if the $0.21 EPS becomes a reality. After $0.29 actual earnings per share reported by CAE Inc. for the previous quarter, Wall Street now forecasts -27.59 % negative EPS growth.

More recent CAE Inc. (NYSE:CAE) news were published by: Benzinga.com which released: “CAE Earnings Preview” on May 24, 2018. Also Seekingalpha.com published the news titled: “CAE Inc. (CAE) CEO Marc Parent on Q4 2018 Results – Earnings Call Transcript” on May 25, 2018. Seekingalpha.com‘s news article titled: “CAE up 5.5% post Q4 results” with publication date: May 25, 2018 was also an interesting one.

CAE Inc., together with its subsidiaries, designs, makes, and supplies simulation equipment worldwide. The company has market cap of $5.62 billion. It operates in three divisions: Civil Aviation Training Solutions, Defence and Security, and Healthcare. It has a 20.9 P/E ratio. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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