CAE Inc. (TSE:CAE) Receives Average Recommendation of "Hold" from Analysts

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$37.83.

CAE has been the subject of several recent research reports. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating and raised their target price for the company from C$25.00 to C$45.00 in a research note on Friday. Canaccord Genuity Group boosted their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. BMO Capital Markets lifted their price objective on CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Finally, Desjardins upgraded CAE from a "hold" rating to a "buy" rating and increased their target price for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th.

CAE Stock Down 1.4 %

Shares of CAE stock traded down C$0.51 during trading on Friday, hitting C$34.98. 1,362,522 shares of the stock traded hands, compared to its average volume of 726,069. The company has a fifty day moving average price of C$34.97 and a two-hundred day moving average price of C$30.43. CAE has a twelve month low of C$22.28 and a twelve month high of C$39.17. The stock has a market cap of C$11.18 billion, a P/E ratio of -33.54, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84.

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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.