Brokerages Set CAE Inc. (TSE:CAE) Price Target at C$36.06

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has earned a consensus rating of "Hold" from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$36.19.

Several research firms recently issued reports on CAE. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating and raised their target price for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. Scotiabank boosted their price objective on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. TD Securities lowered CAE from a "buy" rating to a "hold" rating and upped their target price for the company from C$34.00 to C$35.00 in a report on Monday, January 6th. BMO Capital Markets boosted their price objective on CAE from C$38.00 to C$39.00 in a research report on Friday. Finally, CIBC upped their target price on CAE from C$33.00 to C$37.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd.

CAE Trading Up 13.8 %

Shares of TSE:CAE traded up C$4.62 during mid-day trading on Tuesday, reaching C$37.99. 2,389,539 shares of the company were exchanged, compared to its average volume of 630,512. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17. The firm has a market cap of C$12.15 billion, a price-to-earnings ratio of -36.43, a P/E/G ratio of 1.76 and a beta of 1.91. The firm's 50-day simple moving average is C$34.42 and its 200 day simple moving average is C$28.93.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.06. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. During the same quarter last year, the company posted $0.27 EPS.

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.