CAE (TSE:CAE) Shares Up 13.1% After Analyst Upgrade

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE shares were up 13.1% during mid-day trading on Friday after TD Securities raised their price target on the stock from C$35.00 to C$39.00. TD Securities currently has a hold rating on the stock. CAE traded as high as C$37.87 and last traded at C$37.74. Approximately 295,146 shares were traded during trading, a decline of 47% from the average daily volume of 559,372 shares. The stock had previously closed at C$33.37.

A number of other brokerages have also commented on CAE. Royal Bank of Canada lifted their price objective on CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. CIBC lifted their price target on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday. Cibc World Mkts lowered shares of CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. BMO Capital Markets raised their price objective on shares of CAE from C$38.00 to C$39.00 in a research note on Friday. Finally, Scotiabank upped their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$36.94.

CAE Trading Down 0.2 %

The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm has a market capitalization of C$12.13 billion, a P/E ratio of -36.37, a PEG ratio of 1.76 and a beta of 1.91. The business has a 50 day moving average of C$34.61 and a 200-day moving average of C$29.16.

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.