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CAE (CAE) Stock Forecast & Price Target

$17.67
+0.02 (+0.11%)
(As of 07/26/2024 ET)

CAE - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 9 Wall Street analysts who have issued ratings for CAE in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for CAE.

Consensus Price Target

$32.00
81.10% Upside
High Forecast$39.00
Average Forecast$32.00
Low Forecast$21.00

According to the 9 analysts' twelve-month price targets for CAE, the average price target is $32.00. The highest price target for CAE is $39.00, while the lowest price target for CAE is $21.00. The average price target represents a forecasted upside of 81.10% from the current price of $17.67.

TypeCurrent Forecast
7/27/23 to 7/26/24
1 Month Ago
6/27/23 to 6/26/24
3 Months Ago
4/28/23 to 4/27/24
1 Year Ago
7/27/22 to 7/27/23
Consensus Rating
Hold
Hold
Hold
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$32.00$32.00$34.75$32.50
Forecasted Upside81.10% Upside53.87% Upside62.42% Upside43.42% Upside
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CAE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CAE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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CAE Stock vs. The Competition

TypeCAEAerospace CompaniesS&P 500
Consensus Rating Score
2.11
2.62
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside81.10% Upside56.75% Upside9.16% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024Royal Bank of Canada
4 of 5 stars
J. Mcgarragle
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DowngradeModerate Buy ➝ Hold
6/6/2024Jefferies Financial Group
2 of 5 stars
 Initiated CoverageHold$21.00+12.30%
5/22/2024Canaccord Genuity Group
1 of 5 stars
 Reiterated RatingBuy ➝ Hold
5/21/2024Desjardins
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 DowngradeBuy ➝ Hold
4/16/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$25.00 ➝ $29.00+54.01%
1/22/2024Scotiabank
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K. Gupta
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DowngradeSector Outperform ➝ Sector Perform
11/29/2023Bank of America
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 DowngradeNeutral ➝ Underperform
8/10/2023TD Securities
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 Boost TargetBuy ➝ Buy$37.00 ➝ $39.00+66.81%
2/15/2023BMO Capital Markets
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 Boost TargetC$33.00 ➝ C$35.00
12/12/2022Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
11/2/2022National Bank Financial
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 Lower TargetC$38.00 ➝ C$33.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:09 PM ET.

CAE Forecast - Frequently Asked Questions

What is CAE's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for CAE is $32.00, with a high forecast of $39.00 and a low forecast of $21.00.

Should I buy or sell CAE stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CAE in the last year. There is currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAE, but not buy additional shares or sell existing shares.

Does CAE's stock price have much upside?

According to analysts, CAE's stock has a predicted upside of 53.95% based on their 12-month stock forecasts.

Has CAE been downgraded by Wall Street analysts recently?

Over the previous 90 days, CAE's stock had 3 downgrades by analysts.

What analysts cover CAE?

CAE has been rated by research analysts at Canaccord Genuity Group, Canaccord Genuity Group, Desjardins, Jefferies Financial Group, and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like CAE more than its competitors?

Analysts like CAE less than other "aerospace" companies. The consensus rating for CAE is Hold while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how CAE compares to other companies.


This page (NYSE:CAE) was last updated on 7/26/2024 by MarketBeat.com Staff

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