CAE Inc. (TSE:CAE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have earned a consensus rating of "Moderate Buy" from the twelve analysts that are presently covering the stock, Marketbeat reports. Five investment 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 target price among brokerages that have updated their coverage on the stock in the last year is C$39.68.

Several research firms recently weighed in on CAE. Scotiabank raised shares of CAE from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. CIBC raised shares of CAE from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from C$38.00 to C$44.00 in a research report on Friday, June 27th. BMO Capital Markets upped their price objective on shares of CAE from C$39.00 to C$40.00 in a research report on Thursday, May 22nd. Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. Finally, National Bankshares raised shares of CAE from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$40.00 to C$43.00 in a research report on Wednesday, May 7th.

CAE Price Performance

CAE traded up C$0.98 on Friday, hitting C$40.40. 363,950 shares of the stock were exchanged, compared to its average volume of 692,154. CAE has a 12 month low of C$22.28 and a 12 month high of C$41.22. The business has a 50-day moving average of C$36.78 and a two-hundred day moving average of C$35.26. 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$12.92 billion, a price-to-earnings ratio of -38.74, a PEG 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.