National Bankshares Upgrades CAE (TSE:CAE) to “Outperform”

National Bankshares upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a sector perform rating to an outperform rating in a research note published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has C$43.00 target price on the stock, up from their prior target price of C$40.00.

Several other research analysts have also recently weighed in on CAE. TD Securities increased their price objective on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. CIBC raised their price target on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on shares of CAE from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$25.00 to C$45.00 in a report on Friday, March 7th. Finally, BMO Capital Markets boosted their price target on CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$38.45.

CAE Price Performance

CAE stock opened at C$36.09 on Wednesday. The company has a market capitalization of C$11.54 billion, a price-to-earnings ratio of -34.61, 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. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17. The stock’s 50 day moving average is C$34.03 and its 200-day moving average is C$33.22.

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.