Brokerages Set CAE Inc. (TSE:CAE) Price Target at C$37.83

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$37.83.

A number of equities research analysts have recently commented on the company. National Bank Financial cut CAE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. TD Securities boosted their price objective on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a research report on Tuesday, February 18th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating and lifted their price target for the company from C$25.00 to C$45.00 in a research note on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. Finally, National Bankshares downgraded CAE from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$34.00 to C$38.00 in a research report on Thursday, January 30th.

CAE Stock Performance

Shares of TSE CAE opened at C$30.56 on Wednesday. The company has a market capitalization of C$9.77 billion, a PE ratio of -29.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The company’s fifty day moving average price is C$35.03 and its 200 day moving average price is C$31.82. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17.

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.