Desjardins Downgrades CAE (TSE:CAE) to Hold

CAE (TSE:CAE) (NYSE:CAE) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a report issued on Tuesday, BayStreet.CA reports. They presently have a C$30.00 target price on the stock. Desjardins’ price target indicates a potential upside of 16.60% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. National Bankshares reduced their target price on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Canaccord Genuity Group dropped their price objective on shares of 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. CIBC dropped their price objective on shares of CAE from C$37.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Scotiabank dropped their price objective on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 15th. Finally, TD Securities dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$31.80.

CAE Stock Performance

Shares of CAE stock opened at C$25.73 on Tuesday. The firm’s 50 day moving average price is C$27.19 and its 200-day moving average price is C$27.46. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90. CAE has a one year low of C$23.74 and a one year high of C$33.87. The firm has a market cap of C$8.19 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.76 and a beta of 1.92.

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.