Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$34.05 and traded as high as C$36.62. CAE shares last traded at C$36.47, with a volume of 385,921 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CAE. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. 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 note on Thursday, May 22nd. National Bankshares upgraded CAE from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. Canaccord Genuity Group lowered their price target on CAE from C$40.00 to C$38.50 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Finally, Scotiabank upgraded CAE from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and an average target price of C$39.23.
Read Our Latest Stock Analysis on CAE
CAE Stock Down 0.6%
The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The stock has a 50-day moving average of C$34.11 and a two-hundred day moving average of C$34.47. The company has a market cap of C$11.86 billion, a P/E ratio of -35.58, a P/E/G ratio of 1.76 and a beta of 1.91.
About CAE
(
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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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