CAE (TSE:CAE) Stock Rating Lowered by TD Securities

CAE (TSE:CAE) (NYSE:CAE) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Monday,BayStreet.CA reports. They presently have a C$35.00 price objective on the stock, up from their previous price objective of C$34.00. TD Securities’ price objective would suggest a potential upside of 2.58% from the company’s current price.

A number of other analysts have also commented on CAE. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and boosted their price target for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Canaccord Genuity Group boosted their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. CIBC upped their price target on CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Royal Bank of Canada lifted their price objective on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Finally, Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$35.06.

CAE Trading Up 0.4 %

Shares of TSE:CAE opened at C$34.12 on Monday. The firm has a market cap of C$10.87 billion, a price-to-earnings ratio of -31.89, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68. The company’s fifty day simple moving average is C$31.66 and its 200 day simple moving average is C$27.24. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.