CAE (TSE:CAE) Lowered to Sector Perform Rating by Royal Bank of Canada

Royal Bank of Canada cut shares of CAE (TSE:CAE) (NYSE:CAE) from an outperform rating to a sector perform rating in a research report report published on Wednesday,BayStreet.CA reports. They currently have C$38.00 price target on the stock, down from their previous price target of C$41.00.

Several other brokerages also recently weighed in on CAE. National Bankshares raised CAE from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$40.00 to C$43.00 in a report on Wednesday, May 7th. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. BMO Capital Markets raised their price target on CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. TD Securities raised their price target on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a report on Tuesday, February 18th. Finally, CIBC lifted their target price on CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$38.15.

CAE Price Performance

CAE opened at C$34.26 on Wednesday. The business’s 50-day moving average is C$34.12 and its two-hundred day moving average is C$33.83. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market capitalization of C$10.95 billion, a PE ratio of -32.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.