CAE (TSE:CAE) Cut to “Neutral” at CIBC

CIBC downgraded shares of CAE (TSE:CAE) (NYSE:CAE) from an outperform rating to a neutral rating in a report released on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their price objective on shares of CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. Scotiabank raised their price objective on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. National Bankshares raised their price objective on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Finally, TD Securities raised their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$33.06.

CAE Price Performance

CAE opened at C$33.28 on Wednesday. CAE has a one year low of C$22.28 and a one year high of C$33.77. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The company’s 50 day simple moving average is C$27.79 and its 200-day simple moving average is C$25.94. The stock has a market capitalization of C$10.61 billion, a P/E ratio of -31.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.