CAE (TSE:CAE) Rating Lowered to Hold at Canaccord Genuity Group

CAE (TSE:CAE) (NYSE:CAE) was downgraded by investment analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday, BayStreet.CA reports. They currently have a C$30.00 price target on the stock, down from their previous price target of C$34.00. Canaccord Genuity Group’s price target suggests a potential upside of 18.48% from the stock’s current price.

A number of other equities analysts have also commented on CAE. BMO Capital Markets lowered their price target on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC dropped their price target on shares of CAE from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday. Scotiabank reduced their price target on CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 15th. National Bankshares dropped their price objective on CAE from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, TD Securities reduced their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus target price of C$31.80.

CAE Stock Performance

Shares of TSE:CAE traded down C$1.74 during trading on Wednesday, reaching C$25.32. 1,154,838 shares of the stock were exchanged, compared to its average volume of 573,983. The stock has a 50-day moving average price of C$27.21 and a 200-day moving average price of C$27.47. The firm has a market cap of C$8.06 billion, a PE ratio of 29.40, a PEG ratio of 1.76 and a beta of 1.92. CAE has a 12 month low of C$23.74 and a 12 month high of C$33.87. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89.

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.