CAE (TSE:CAE) Upgraded at Cibc World Mkts

CAE (TSE:CAE - Get Free Report) NYSE: CAE was upgraded by analysts at Cibc World Mkts from a "hold" rating to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Bank of America raised CAE from an "underperform" rating to a "neutral" rating and raised their price objective for the company from C$25.00 to C$45.00 in a research report on Friday, March 7th. Scotiabank raised shares of CAE from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Canaccord Genuity Group dropped their price objective 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 lifted their target price on shares of CAE from C$39.00 to C$40.00 in a report on Thursday, May 22nd. Finally, CIBC raised shares of CAE from a "neutral" rating to an "outperform" rating and increased their price target for the company from C$38.00 to C$44.00 in a report on Friday. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, CAE presently has an average rating of "Moderate Buy" and a consensus target price of C$39.68.

CAE Trading Up 5.3%

TSE CAE opened at C$38.47 on Friday. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The stock has a 50 day moving average of C$35.38 and a 200-day moving average of C$34.79. The company has a market cap of C$12.30 billion, a PE ratio of -36.89, a PEG ratio of 1.76 and a beta of 1.91.

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.

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