CAE (TSE:CAE) Stock Rating Lowered by TD Securities

TD Securities lowered shares of CAE (TSE:CAE) (NYSE:CAE) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat Ratings reports. They currently have C$35.00 target price on the stock, up from their prior target price of C$34.00.

Several other equities analysts also recently issued reports on CAE. BMO Capital Markets lifted their price objective on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. CIBC lifted their price target on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Royal Bank of Canada upped their price target on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Scotiabank raised their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$35.06.

CAE Stock Performance

TSE:CAE opened at C$34.00 on Monday. The stock has a market capitalization of C$10.84 billion, a P/E ratio of -31.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. CAE has a 1 year low of C$22.28 and a 1 year high of C$36.68. The firm has a 50 day moving average of C$31.82 and a 200-day moving average of C$27.29.

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.