CAE Inc. (TSE:CAE) Receives Average Rating of “Hold” from Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$33.06.

Several brokerages recently weighed in on CAE. TD Securities increased their price objective on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Scotiabank raised their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. National Bankshares raised their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price target on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th.

CAE Trading Down 1.5 %

Shares of CAE stock opened at C$32.75 on Thursday. The firm has a market capitalization of C$10.44 billion, a price-to-earnings ratio of -30.61, a PEG ratio of 1.76 and a beta of 1.91. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$33.77. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a 50 day moving average of C$27.44 and a 200 day moving average of C$25.88.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.