CAE (TSE:CAE) Cut to Hold at TD Securities

TD Securities downgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat.com reports. TD Securities currently has C$35.00 target price on the stock, up from their previous target price of C$34.00.

A number of other analysts also recently weighed in on CAE. Canaccord Genuity Group increased their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Scotiabank increased their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. CIBC boosted their price target on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$35.06.

CAE Stock Down 0.4 %

Shares of CAE stock opened at C$34.00 on Monday. The stock has a 50 day moving average of C$31.82 and a 200-day moving average of C$27.29. The firm has a market cap of C$10.84 billion, a PE ratio of -31.78, a price-to-earnings-growth 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. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68.

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.