CAE (TSE:CAE) Upgraded to Buy at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a buy rating in a research note released on Monday,BayStreet.CA reports. Desjardins currently has C$40.00 price objective on the stock, up from their previous price objective of C$32.00.

A number of other analysts have also recently issued reports on the company. CIBC boosted their price objective on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. National Bankshares boosted their price target on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. BMO Capital Markets raised their price objective on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities increased their price target on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$34.94.

CAE Stock Down 0.4 %

Shares of CAE stock opened at C$36.39 on Monday. CAE has a 12-month low of C$22.28 and a 12-month high of C$36.68. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The stock has a 50 day moving average price of C$30.70 and a two-hundred day moving average price of C$26.88. The stock has a market capitalization of C$11.60 billion, a P/E ratio of -34.01, a PEG 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.