CIBC Downgrades CAE (TSE:CAE) to Neutral

CAE (TSE:CAE) (NYSE:CAE) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday,BayStreet.CA reports.

A number of other brokerages also recently weighed in on CAE. Royal Bank of Canada raised their price objective on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Scotiabank raised their price objective on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. TD Securities raised their price objective on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, National Bankshares raised their price target on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$33.06.

CAE Trading Down 0.8 %

CAE stock traded down C$0.25 during midday trading on Wednesday, reaching C$32.99. The company’s stock had a trading volume of 190,567 shares, compared to its average volume of 650,720. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a fifty day simple moving average of C$27.27 and a two-hundred day simple moving average of C$25.85. CAE has a 1 year low of C$22.28 and a 1 year high of C$33.77. The firm has a market capitalization of C$10.51 billion, a price-to-earnings ratio of -30.80, a PEG 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.