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

Key Points

• CAE Inc. has received a consensus recommendation of "Moderate Buy" from twelve brokerages, with four analysts holding, six recommending a buy, and two indicating a strong buy.
• The average price target for CAE shares among brokerages over the past year is C$41.82, with several analysts raising their price targets significantly in recent reports.
• CAE Inc. specializes in training solutions for civil aviation, defense, security, and healthcare, utilizing simulators and synthetic exercises to enhance training experiences.

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have earned an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$41.82.

Several equities analysts have recently weighed in 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 research report on Tuesday, August 5th. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating and increased their price objective for the company from C$40.00 to C$44.00 in a research report on Thursday, August 14th. BMO Capital Markets increased their price objective on shares of CAE from C$40.00 to C$50.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Scotiabank increased their price objective on shares of CAE from C$42.00 to C$46.50 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, CIBC raised shares of CAE from a "neutral" rating to an "outperform" rating and increased their price objective for the company from C$38.00 to C$44.00 in a research report on Friday, June 27th.

CAE Stock Performance

TSE CAE opened at C$38.38 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm's fifty day moving average price is C$38.28 and its two-hundred day moving average price is C$37.00. CAE has a 1 year low of C$24.48 and a 1 year high of C$41.38. The firm has a market capitalization of C$12.30 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25.

About CAE

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.

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