CAE (TSE:CAE) Sets New 1-Year High - Should You Buy?

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's stock price reached a new 52-week high on Tuesday . The stock traded as high as C$40.13 and last traded at C$39.91, with a volume of 1067212 shares changing hands. The stock had previously closed at C$38.47.

Wall Street Analysts Forecast Growth

CAE has been the subject of several analyst reports. National Bankshares upgraded shares of CAE from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$40.00 to C$43.00 in a report on Wednesday, May 7th. CIBC upgraded CAE from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$38.00 to C$44.00 in a research note on Friday. TD Securities raised their price target on shares of CAE from C$39.00 to C$40.00 and gave the stock a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley dropped their price target on CAE from C$37.00 to C$36.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank Of Canada lowered shares of CAE from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from C$41.00 to C$38.00 in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$39.68.

CAE Stock Performance

The stock's fifty day simple moving average is C$35.66 and its 200-day simple moving average is C$34.89. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The company has a market capitalization of C$12.76 billion, a PE ratio of -38.27, a PEG ratio of 1.76 and a beta of 1.91.

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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