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

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$35.56.

Several analysts have recently commented on CAE shares. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating and increased their price target for the company from C$34.00 to C$35.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a report on Wednesday. Canaccord Genuity Group lifted their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Scotiabank boosted their target price on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

CAE Stock Performance

CAE stock opened at C$34.63 on Friday. The stock has a 50-day simple moving average of C$33.02 and a 200 day simple moving average of C$27.70. The stock has a market capitalization of C$11.04 billion, a price-to-earnings ratio of -32.36, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. CAE has a 12-month low of C$22.28 and a 12-month high of C$36.68.

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.