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

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has been assigned a consensus rating of "Hold" from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$37.95.

Several equities analysts have commented on CAE shares. 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 report on Monday, December 30th. National Bank Financial lowered CAE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Morgan Stanley decreased their price target on CAE from C$37.00 to C$36.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. CIBC upped their target price on CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. Finally, Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from C$25.00 to C$45.00 in a research report on Friday, March 7th.

CAE Stock Up 0.6 %

Shares of TSE CAE opened at C$33.85 on Friday. The company has a market cap of C$10.82 billion, a price-to-earnings ratio of -32.46, a PEG ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17. The stock has a 50-day moving average price of C$34.09 and a two-hundred day moving average price of C$32.67.

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.

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