TD Securities Downgrades CAE (TSE:CAE) to Hold

CAE (TSE:CAE) (NYSE:CAE) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Monday,BayStreet.CA reports. They presently have a C$35.00 price objective on the stock, up from their previous price objective of C$34.00. TD Securities’ price objective would indicate a potential upside of 2.58% from the stock’s previous close.

A number of other research firms have also recently issued reports on CAE. BMO Capital Markets lifted their price target on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Scotiabank increased their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price target on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$35.06.

CAE Trading Up 0.4 %

CAE stock opened at C$34.12 on Monday. The business has a fifty day moving average price of C$31.66 and a 200 day moving average price of C$27.24. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$36.68. The stock has a market capitalization of C$10.87 billion, a price-to-earnings ratio of -31.89, 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.