CAE (TSE:CAE) Trading 13.1% Higher Following Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price rose 13.1% during trading on Friday after BMO Capital Markets raised their price target on the stock from C$38.00 to C$39.00. The company traded as high as C$37.87 and last traded at C$37.74. Approximately 295,146 shares traded hands during trading, a decline of 47% from the average daily volume of 559,372 shares. The stock had previously closed at C$33.37.

Other research analysts have also issued research reports about the company. National Bankshares lowered CAE from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$34.00 to C$38.00 in a report on Thursday, January 30th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a 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 report on Monday, December 23rd. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, Royal Bank of Canada upped their price objective on shares of CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, CAE currently has an average rating of “Hold” and an average target price of C$36.19.

CAE Price Performance

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 company’s fifty day moving average is C$34.51 and its two-hundred day moving average is C$29.06. The stock has a market cap of C$12.15 billion, a price-to-earnings ratio of -36.43, a P/E/G ratio of 1.76 and a beta of 1.91.

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.