CAE (TSE:CAE) Raised to “Neutral” at Bank of America

CAE (TSE:CAE) (NYSE:CAE) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a C$45.00 price target on the stock, up from their prior price target of C$25.00. Bank of America‘s target price suggests a potential upside of 24.45% from the company’s current price.

A number of other equities analysts have also commented on CAE. Royal Bank of Canada increased their price target on shares of CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Canaccord Genuity Group raised their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Desjardins upgraded shares of 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 research note on Monday, December 30th. Scotiabank lifted their price target on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Finally, TD Securities boosted their price target on shares of CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CAE has a consensus rating of “Hold” and an average target price of C$37.83.

CAE Trading Up 3.4 %

Shares of CAE stock opened at C$36.16 on Friday. CAE has a 52-week low of C$22.28 and a 52-week high of C$39.17. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The company has a 50-day simple moving average of C$34.99 and a two-hundred day simple moving average of C$30.34. The company has a market capitalization of C$11.56 billion, a price-to-earnings ratio of -34.68, a PEG ratio of 1.76 and a beta of 1.91.

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.