CAE (TSE:CAE) Upgraded at CIBC

CAE (TSE:CAE - Get Free Report) NYSE: CAE was upgraded by equities researchers at CIBC from a "neutral" rating to an "outperform" rating in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a C$44.00 price objective on the stock, up from their previous price objective of C$38.00. CIBC's price target would indicate a potential upside of 14.76% from the stock's current price.

CAE has been the topic of a number of other reports. Morgan Stanley lowered their target price on CAE from C$37.00 to C$36.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group dropped their price target on shares of CAE from C$40.00 to C$38.50 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. BMO Capital Markets boosted their price objective on CAE from C$39.00 to C$40.00 in a report on Thursday, May 22nd. National Bankshares raised CAE from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$40.00 to C$43.00 in a research note on Wednesday, May 7th. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating and lifted their target price for the company from C$25.00 to C$45.00 in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CAE currently has a consensus rating of "Moderate Buy" and a consensus target price of C$39.68.

CAE Stock Up 4.9%

Shares of TSE CAE traded up C$1.80 during trading on Friday, hitting C$38.34. 447,879 shares of the company traded hands, compared to its average volume of 695,932. The firm has a market capitalization of C$12.26 billion, a price-to-earnings ratio of -36.77, a P/E/G ratio of 1.76 and a beta of 1.91. The business's fifty day moving average is C$35.38 and its 200 day moving average is C$34.79. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$39.17.

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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