CAE (TSE:CAE) Sets New 1-Year High on Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$33.00 to C$37.00. CIBC currently has a neutral rating on the stock. CAE traded as high as C$35.28 and last traded at C$35.21, with a volume of 316079 shares traded. The stock had previously closed at C$34.18.

A number of other equities analysts have also recently issued reports on CAE. Scotiabank lifted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets increased their target price on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday. National Bankshares boosted their price target on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their price objective on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$33.44.

CAE Price Performance

The business has a fifty day moving average of C$29.67 and a 200 day moving average of C$26.50. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a market cap of C$11.26 billion, a PE ratio of -33.01, a P/E/G ratio of 1.76 and a beta of 1.91.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.