CAE Inc. (TSE:CAE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• CAE Inc. has received an average consensus rating of "Moderate Buy" from twelve analysts, with five holding, five buying, and two strongly buying the stock.
• The average twelve-month price target for CAE is C$40.59, with recent upgrades pushing some targets as high as C$50.00.
• Currently, CAE's stock is down 1.0%, trading at C$39.11, amidst a market cap of C$12.50 billion and a price-to-earnings ratio of -37.50.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has earned an average recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$41.05.

Several research analysts have commented on the stock. National Bankshares increased their price objective on shares of CAE from C$43.00 to C$48.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley dropped their price target on CAE from C$37.00 to C$36.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. TD Securities lifted their price objective on CAE from C$39.00 to C$40.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group decreased their price objective 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. Finally, BMO Capital Markets raised their target price on shares of CAE from C$40.00 to C$50.00 and gave the company an "outperform" rating in a report on Monday, July 21st.

CAE Price Performance

Shares of CAE stock traded up C$0.04 during trading hours on Tuesday, hitting C$39.26. The company's stock had a trading volume of 121,988 shares, compared to its average volume of 681,863. The company has a market cap of C$12.55 billion, a PE ratio of -37.65, a PEG ratio of 1.76 and a beta of 1.91. 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 business has a 50 day moving average price of C$38.42 and a two-hundred day moving average price of C$35.87. CAE has a 12-month low of C$22.28 and a 12-month high of C$41.22.

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.