CAE (TSE:CAE) Hits New 1-Year High - Time to Buy?

Key Points

• CAE Inc. shares reached a new 52-week high of C$41.38, with the last trading price at C$41.08 and a volume of 98,682 shares sold.
• Multiple analysts upgraded CAE's stock ratings, with target prices set between C$44.00 and C$50.00, indicating a generally positive outlook.
• CAE has a market capitalization of C$13.09 billion and reports a debt-to-equity ratio of 74.04, suggesting significant leverage in its capital structure.

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE hit a new 52-week high during trading on Tuesday . The company traded as high as C$41.38 and last traded at C$41.08, with a volume of 98682 shares traded. The stock had previously closed at C$40.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Securities upgraded shares of CAE from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$40.00 to C$44.00 in a research note on Thursday, August 14th. BMO Capital Markets lifted their target price on CAE from C$40.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. National Bankshares boosted their price target on CAE from C$43.00 to C$48.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, CIBC raised CAE from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from C$38.00 to C$44.00 in a report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$41.82.

CAE Stock Down 0.4%

The business has a 50 day moving average price of C$38.26 and a 200 day moving average price of C$36.62. The firm has a market capitalization of C$13.09 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.31. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

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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