CAE (TSE:CAE) Downgraded by Cibc World Mkts to Hold

Cibc World Mkts lowered shares of CAE (TSE:CAE - Free Report) NYSE: CAE from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on CAE. CIBC downgraded CAE from an "outperform" rating to a "neutral" rating in a research report on Wednesday. Canaccord Genuity Group lifted their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. TD Securities boosted their price target on CAE from C$33.00 to C$34.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Royal Bank of Canada increased their price objective on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Finally, National Bankshares lifted their price objective on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$33.06.

CAE Stock Performance

TSE:CAE traded up C$0.41 during mid-day trading on Wednesday, hitting C$33.28. 351,820 shares of the company traded hands, compared to its average volume of 650,388. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The stock's fifty day moving average price is C$27.79 and its 200-day moving average price is C$25.94. The firm has a market cap of C$10.61 billion, a price-to-earnings ratio of -31.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a one year low of C$22.28 and a one year high of C$33.77.

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.