CAE (TSE:CAE) Downgraded to "Hold" Rating by TD Securities

TD Securities lowered shares of CAE (TSE:CAE - Free Report) NYSE: CAE from a buy rating to a hold rating in a research report report published on Monday,BayStreet.CA reports. They currently have C$35.00 price target on the stock, up from their previous price target of C$34.00.

Several other research analysts also recently weighed in on CAE. Desjardins upgraded CAE from a "hold" rating to a "buy" rating and upped their price target for the stock from C$32.00 to C$40.00 in a research note on Monday, December 30th. Royal Bank of Canada upped their target price on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Scotiabank boosted their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, CIBC raised their price objective on CAE from C$33.00 to C$37.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$35.06.

CAE Price Performance

TSE:CAE traded down C$1.20 on Monday, reaching C$33.99. 763,322 shares of the company's stock traded hands, compared to its average volume of 670,098. The stock has a 50-day simple moving average of C$31.66 and a 200-day simple moving average of C$27.24. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68. The firm has a market cap of C$10.83 billion, a PE ratio of -31.77, a P/E/G 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 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.