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

CAE (TSE:CAE) (NYSE:CAE) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$35.00 price target on the stock, up from their prior price target of C$34.00. TD Securities’ target price would suggest a potential upside of 2.88% from the company’s current price.

Several other research analysts have also recently commented on CAE. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and raised their target price for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. BMO Capital Markets boosted their price target on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. CIBC boosted their target price on CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Finally, Scotiabank increased their price target on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$35.06.

CAE Stock Down 3.3 %

Shares of CAE stock traded down C$1.17 on Monday, hitting C$34.02. 245,300 shares of the company’s stock traded hands, compared to its average volume of 492,492. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm’s 50-day moving average is C$31.49 and its 200 day moving average is C$27.18. The stock has a market cap of C$10.84 billion, a P/E ratio of -31.79, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 52-week low of C$22.28 and a 52-week high of C$36.68.

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.