CAE Inc. (TSE:CAE) Receives Consensus Rating of “Hold” from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$37.83.

Several research analysts have weighed in on the company. Desjardins raised CAE from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. National Bankshares lowered shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$34.00 to C$38.00 in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of CAE from C$38.00 to C$39.00 in a research report on Friday, February 14th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating and increased their target price for the company from C$25.00 to C$45.00 in a research report on Friday, March 7th. Finally, National Bank Financial cut shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

CAE Stock Performance

TSE CAE opened at C$35.19 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The company has a fifty day simple moving average of C$35.15 and a 200 day simple moving average of C$31.64. CAE has a 12-month low of C$22.28 and a 12-month high of C$39.17. The company has a market cap of C$11.25 billion, a P/E ratio of -33.75, a PEG ratio of 1.76 and a beta of 1.91.

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.