CAE Inc. (TSE:CAE) Given Consensus Rating of “Hold” by Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has received an average rating of “Hold” from the ten research firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$37.83.

Several equities research analysts have issued reports on the company. CIBC increased their price target on CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. National Bank Financial downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Desjardins raised CAE from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. Finally, Canaccord Genuity Group upped their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th.

CAE Stock Up 3.4 %

Shares of CAE stock opened at C$36.16 on Friday. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17. The business has a 50-day moving average of C$34.99 and a two-hundred day moving average of C$30.30. The company has a market capitalization of C$11.56 billion, a P/E ratio of -34.68, 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.

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.