CAE Inc. (TSE:CAE) Receives C$38.15 Average PT from Analysts

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have been given an average rating of "Moderate Buy" by the twelve brokerages that are covering the company, MarketBeat 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 1 year price objective among analysts that have issued a report on the stock in the last year is C$39.23.

Several brokerages recently weighed in on CAE. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating and upped their target price for the stock from C$25.00 to C$45.00 in a research note on Friday, March 7th. CIBC increased their price objective on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. National Bankshares raised shares of CAE from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. Finally, TD Securities increased their price objective on shares of CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd.

CAE Stock Up 1.8%

CAE traded up C$0.60 during trading hours on Thursday, hitting C$34.80. 1,014,201 shares of the company's stock were exchanged, compared to its average volume of 691,136. CAE has a 12-month low of C$22.28 and a 12-month high of C$39.17. The firm has a 50 day moving average of C$34.08 and a 200 day moving average of C$34.12. The firm has a market cap of C$11.13 billion, a P/E ratio of -33.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

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.