CAE (TSE:CAE) Rating Increased to Buy at TD Securities

Key Points

• TD Securities has upgraded CAE's rating from "hold" to "buy" with a new price target of C$44.00, suggesting a potential upside of 13.58% from its previous closing price.
• Other analysts have mixed reviews, with Canaccord Genuity lowering their target to C$38.50, while National Bank Financial has upgraded CAE to "strong-buy," indicating varying confidence among analysts.
• CAE shares rose 0.8% to C$38.74 during trading, with the company having a market cap of C$12.39 billion and a noteworthy twelve-month price range between C$23.50 and C$41.22.

CAE (TSE:CAE - Get Free Report) NYSE: CAE was upgraded by stock analysts at TD Securities from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a C$44.00 price objective on the stock, up from their previous price objective of C$40.00. TD Securities' price objective would indicate a potential upside of 16.00% from the stock's current price.

Several other equities research analysts have also recently commented on CAE. CIBC upgraded CAE from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$38.00 to C$44.00 in a research note on Friday, June 27th. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. National Bankshares upped their price target on CAE from C$43.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. BMO Capital Markets upped their price target on CAE from C$40.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Canaccord Genuity Group cut their price target on CAE from C$40.00 to C$38.50 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$41.82.

CAE Price Performance

CAE stock opened at C$37.93 on Thursday. The company has a market capitalization of C$12.13 billion, a P/E ratio of -36.37, a PEG ratio of 1.76 and a beta of 1.91. CAE has a twelve month low of C$23.50 and a twelve month high of C$41.22. The business has a 50 day simple moving average of C$38.80 and a 200-day simple moving average of C$36.05. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

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.