CAE (TSE:CAE) Stock Rating Upgraded by CIBC

CIBC upgraded shares of CAE (TSE:CAE - Free Report) NYSE: CAE from a neutral rating to an outperform rating in a research report released on Friday morning,BayStreet.CA reports. CIBC currently has C$44.00 target price on the stock, up from their previous target price of C$38.00.

Other equities research analysts have also recently issued research reports about the stock. TD Securities raised their price objective on shares of CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley lowered their price target on shares of CAE from C$37.00 to C$36.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. National Bankshares upgraded shares of 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 report on Wednesday, May 7th. BMO Capital Markets lifted their price target on shares of CAE from C$39.00 to C$40.00 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$39.68.

CAE Price Performance

CAE traded up C$1.44 during midday trading on Friday, hitting C$39.91. The company had a trading volume of 1,067,212 shares, compared to its average volume of 702,381. 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 company has a market capitalization of C$12.76 billion, a PE ratio of -38.27, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a twelve month low of C$22.28 and a twelve month high of C$40.13. The firm's 50-day simple moving average is C$35.66 and its 200-day simple moving average is C$34.89.

CAE Company Profile

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.