CAE (TSE:CAE) Downgraded by CIBC to Neutral

CAE (TSE:CAE) (NYSE:CAE) was downgraded by equities researchers at CIBC from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. TD Securities lifted their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. National Bankshares lifted their target price on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price target on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Canaccord Genuity Group raised their price objective on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Finally, Scotiabank upped their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$33.06.

CAE Price Performance

TSE:CAE opened at C$32.87 on Wednesday. CAE has a 52-week low of C$22.28 and a 52-week high of C$33.77. The stock has a fifty day moving average of C$27.61 and a 200 day moving average of C$25.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a market capitalization of C$10.48 billion, a price-to-earnings ratio of -30.72, a P/E/G ratio of 1.76 and a beta of 1.91.

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.