CAE Inc. (TSE:CAE) Receives C$39.23 Average Target Price from Analysts

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have earned an average rating of "Moderate Buy" from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$39.23.

Several equities analysts have recently weighed in on CAE shares. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating and upped their price objective for the company from C$25.00 to C$45.00 in a report on Friday, March 7th. BMO Capital Markets upped their price target on CAE from C$39.00 to C$40.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group cut their price target on CAE from C$40.00 to C$38.50 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Scotiabank upgraded CAE from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Finally, CIBC increased their target price on CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th.

CAE Trading Down 0.1%

Shares of CAE stock traded down C$0.02 on Monday, reaching C$36.47. 861,470 shares of the company's stock were exchanged, compared to its average volume of 710,086. The company has a market capitalization of C$11.66 billion, a P/E ratio of -34.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$39.17. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The firm's 50-day moving average is C$34.72 and its two-hundred day moving average is C$34.63.

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.