CAE (TSE:CAE) Sets New 52-Week High - Here's What Happened

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's share price reached a new 52-week high during trading on Monday . The stock 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Securities lifted their price objective on CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group reduced their price target on CAE from C$40.00 to C$38.50 and set a "hold" rating for the company in a report on Thursday, May 22nd. Morgan Stanley dropped their price objective on CAE from C$37.00 to C$36.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. BMO Capital Markets lifted their target price on shares of CAE from C$39.00 to C$40.00 in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada downgraded shares of CAE from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$41.00 to C$38.00 in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$39.68.

CAE Stock Performance

The stock has a market capitalization of C$13.11 billion, a P/E ratio of -39.33, a PEG ratio of 1.76 and a beta of 1.91. 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 stock's 50-day simple moving average is C$36.34 and its 200 day simple moving average is C$35.13.

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.