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

Cibc World Mkts downgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. CIBC downgraded CAE from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Scotiabank lifted their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. National Bankshares lifted their price objective on CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group upped their price target on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada upped their price target on CAE from C$27.00 to C$34.00 in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$33.06.

CAE Trading Up 0.4 %

TSE CAE opened at C$32.87 on Wednesday. The firm has a market capitalization of C$10.48 billion, a P/E ratio of -30.72, a PEG 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. The business has a fifty day simple moving average of C$27.61 and a 200 day simple moving average of C$25.91. CAE has a 12 month low of C$22.28 and a 12 month 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.