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

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and two have assigned 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$37.83.

Several brokerages have issued reports on CAE. TD Securities boosted their price target on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research note on Tuesday, February 18th. Desjardins raised CAE from a “hold” rating to a “buy” rating and upped their target price for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Scotiabank raised their price target on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. CIBC upped their price target on shares of CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price objective on shares of CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th.

CAE Stock Performance

TSE:CAE opened at C$34.18 on Friday. CAE has a twelve month low of C$22.28 and a twelve month high of C$39.17. The firm has a market capitalization of C$10.93 billion, a price-to-earnings ratio of -32.78, 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. The firm’s fifty day simple moving average is C$34.90 and its 200 day simple moving average is C$30.53.

CAE Company Profile

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.