CAE (TSE:CAE) Rating Lowered to “Hold” at Cibc World Mkts

CAE (TSE:CAE) (NYSE:CAE) was downgraded by Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada raised their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. TD Securities lifted their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. 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. Finally, Canaccord Genuity Group lifted their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$33.06.

CAE Trading Up 0.4 %

CAE stock opened at C$32.87 on Wednesday. The firm has a 50-day moving average of C$27.61 and a 200-day moving average of C$25.91. CAE has a one year low of C$22.28 and a one year high of C$33.77. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The company has a market cap of C$10.48 billion, a price-to-earnings ratio of -30.72, a P/E/G ratio of 1.76 and a beta of 1.91.

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.