CAE (TSE:CAE) Downgraded to “Hold” Rating by TD Securities

TD Securities lowered shares of CAE (TSE:CAE) (NYSE:CAE) from a buy rating to a hold rating in a research note issued to investors on Monday,BayStreet.CA reports. They currently have C$35.00 price target on the stock, up from their previous price target of C$34.00.

Other equities research analysts have also issued reports about the company. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Scotiabank increased their target price on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Desjardins raised CAE from a “hold” rating to a “buy” rating and lifted their price target for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Canaccord Genuity Group increased their price objective on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Finally, National Bankshares boosted their target price on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$35.06.

CAE Trading Down 3.4 %

Shares of CAE stock opened at C$33.99 on Monday. The company has a market capitalization of C$10.83 billion, a P/E ratio of -31.77, a P/E/G 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 has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm has a 50-day moving average price of C$31.66 and a 200 day moving average price of C$27.24.

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.