CAE (TSE:CAE) Cut to “Hold” at Desjardins

Desjardins lowered shares of CAE (TSE:CAEFree Report) (NYSE:CAE) from a buy rating to a hold rating in a research note released on Tuesday, BayStreet.CA reports. Desjardins currently has C$30.00 price objective on the stock.

A number of other research firms have also commented on CAE. CIBC decreased their price objective on shares of CAE from C$37.00 to C$32.00 and set an outperform rating for the company in a research note on Thursday, February 15th. National Bankshares decreased their target price on CAE from C$34.00 to C$32.00 and set an outperform rating for the company in a research report on Tuesday, April 16th. TD Securities dropped their price target on CAE from C$36.00 to C$34.00 and set a buy rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group decreased their price objective on CAE from C$36.00 to C$34.00 and set a buy rating for the company in a research report on Thursday, February 15th. Finally, Scotiabank dropped their target price on CAE from C$31.00 to C$30.00 and set a sector perform rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$31.70.

Get Our Latest Stock Analysis on CAE

CAE Price Performance

CAE stock opened at C$25.80 on Tuesday. CAE has a one year low of C$23.74 and a one year high of C$33.87. The firm has a 50-day moving average of C$27.17 and a two-hundred day moving average of C$27.45. The firm has a market capitalization of C$8.21 billion, a PE ratio of -25.29, a P/E/G ratio of 1.76 and a beta of 1.92. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89.

CAE Company Profile

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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.

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Analyst Recommendations for CAE (TSE:CAE)

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