CAE (TSE:CAE) Sets New 12-Month High - Here's What Happened

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's stock price reached a new 52-week high on Monday . The company traded as high as C$40.64 and last traded at C$40.53, with a volume of 58801 shares changing hands. The stock had previously closed at C$40.23.

Wall Street Analysts Forecast Growth

CAE has been the subject of several analyst reports. Scotiabank upgraded shares of CAE from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$40.00 to C$42.00 in a research note on Thursday, May 22nd. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. CIBC upgraded shares of CAE from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$38.00 to C$44.00 in a research report on Friday, June 27th. TD Securities raised their target price on CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. Finally, National Bankshares raised CAE from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$40.00 to C$43.00 in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$39.68.

CAE Stock Performance

The stock has a market cap of C$12.93 billion, a P/E ratio of -38.79, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a fifty day moving average price of C$36.48 and a 200 day moving average price of C$35.17. 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.