CAE Inc. (TSE:CAE) Given Consensus Recommendation of “Moderate Buy” by Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$39.68.

A number of research firms recently commented on CAE. National Bank Financial upgraded CAE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. CIBC raised shares of CAE from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$38.00 to C$44.00 in a research report on Friday, June 27th. Royal Bank Of Canada downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$41.00 to C$38.00 in a report on Wednesday, May 21st. Cibc World Mkts upgraded shares of CAE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Morgan Stanley cut their price target on shares of CAE from C$37.00 to C$36.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th.

CAE Trading Down 0.3%

Shares of TSE CAE opened at C$40.29 on Friday. CAE has a 1-year low of C$22.28 and a 1-year high of C$41.22. The stock has a market capitalization of C$12.88 billion, a P/E ratio of -38.64, 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 current ratio of 0.84 and a quick ratio of 0.71. The business has a fifty day moving average price of C$37.09 and a 200 day moving average price of C$35.36.

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.