Bank of America upgraded shares of CAE (TSE:CAE - Free Report) NYSE: CAE from an underperform rating to a neutral rating in a report issued on Friday morning,BayStreet.CA reports. Bank of America currently has C$45.00 target price on the stock, up from their previous target price of C$25.00.
A number of other equities analysts also recently issued reports on CAE. Royal Bank of Canada raised their price target on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Canaccord Genuity Group raised their target price on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Cibc World Mkts lowered shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. CIBC increased their price objective on shares of CAE from C$37.00 to C$39.00 in a research note on Tuesday, February 18th. Finally, TD Securities boosted their target price on shares of CAE from C$35.00 to C$39.00 and gave the company a "hold" rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$37.83.
View Our Latest Stock Report on CAE
CAE Stock Performance
CAE stock traded down C$1.13 during midday trading on Friday, reaching C$34.36. 310,169 shares of the company traded hands, compared to its average volume of 722,489. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The business has a 50 day moving average of C$34.97 and a two-hundred day moving average of C$30.43. The firm has a market capitalization of C$10.99 billion, a price-to-earnings ratio of -32.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.
CAE Company Profile
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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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