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

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE have been given a consensus rating of "Hold" by the eight analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$35.56.

A number of analysts have commented on the company. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating and lifted their price target for the company from C$34.00 to C$35.00 in a report on Monday, January 6th. Canaccord Genuity Group raised their price target on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Royal Bank of Canada boosted their price objective on CAE from C$34.00 to C$38.00 in a research report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of CAE from C$33.00 to C$38.00 and gave the stock an "outperform" rating in a report on Monday, December 23rd.

CAE Stock Performance

Shares of CAE stock traded up C$0.29 during trading hours on Friday, reaching C$34.92. 821,516 shares of the stock traded hands, compared to its average volume of 594,962. CAE has a one year low of C$22.28 and a one year high of C$36.68. The firm has a market capitalization of C$11.13 billion, a price-to-earnings ratio of -32.64, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The company has a 50 day moving average price of C$33.19 and a 200 day moving average price of C$27.76.

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.