CAE (TSE:CAE) Rating Lowered to “Hold” at TD Securities

CAE (TSE:CAE) (NYSE:CAE) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a report released on Monday,BayStreet.CA reports. They currently have a C$35.00 price objective on the stock, up from their previous price objective of C$34.00. TD Securities’ target price would indicate a potential upside of 2.88% from the company’s current price.

A number of other research analysts have also weighed in on CAE. Royal Bank of Canada raised their price objective on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bankshares increased their price objective on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and increased their target price for the stock from C$32.00 to C$40.00 in a research note on Monday, December 30th. Finally, CIBC lifted their price objective on shares of CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, CAE has an average rating of “Hold” and an average price target of C$35.06.

CAE Price Performance

TSE:CAE traded down C$1.17 on Monday, reaching C$34.02. 245,300 shares of the company’s stock traded hands, compared to its average volume of 492,492. The firm has a market cap of C$10.84 billion, a PE ratio of -31.79, a P/E/G ratio of 1.76 and a beta of 1.91. 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 stock has a 50-day simple moving average of C$31.49 and a 200-day simple moving average of C$27.18. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68.

About CAE

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.