CAE (TSE:CAE) Rating Increased to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of CAE (TSE:CAE - Free Report) NYSE: CAE from a hold rating to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Morgan Stanley cut their target price on shares of CAE from C$37.00 to C$36.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Bank of America raised CAE from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from C$25.00 to C$45.00 in a research note on Friday, March 7th. Scotiabank upgraded CAE from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and reduced their target price 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 issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, CAE presently has an average rating of "Moderate Buy" and a consensus target price of C$39.68.

CAE Price Performance

Shares of TSE CAE traded up C$1.44 during mid-day trading on Friday, reaching C$39.91. 1,067,212 shares of the company traded hands, compared to its average volume of 702,381. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$40.13. The firm has a market cap of C$12.76 billion, a PE ratio of -38.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The stock has a fifty day simple moving average of C$35.66 and a 200-day simple moving average of C$34.89. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

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.