Desjardins Upgrades CAE (TSE:CAE) to Buy

CAE (TSE:CAE) (NYSE:CAE) was upgraded by research analysts at Desjardins from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a C$40.00 price objective on the stock, up from their prior price objective of C$32.00. Desjardins’ target price indicates a potential upside of 11.95% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada raised their price objective on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. National Bankshares lifted their target price on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC upped their target price on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research note on Monday. Finally, TD Securities boosted their price target on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average price target of C$34.94.

CAE Price Performance

CAE traded up C$0.41 on Tuesday, reaching C$35.73. The company had a trading volume of 336,556 shares, compared to its average volume of 654,922. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The company has a fifty day moving average of C$29.67 and a 200-day moving average of C$26.50. CAE has a one year low of C$22.28 and a one year high of C$35.75. The company has a market capitalization of C$11.39 billion, a P/E ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91.

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.