CAE (TSE:CAE) Given New C$39.00 Price Target at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by TD Securities from C$35.00 to C$39.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages have also weighed in on CAE. BMO Capital Markets lifted their price objective on shares of CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Scotiabank lifted their price objective on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Finally, Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus target price of C$36.94.

CAE Stock Down 0.2 %

Shares of CAE opened at C$37.93 on Tuesday. The firm has a market capitalization of C$12.13 billion, a P/E ratio of -36.37, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 12-month low of C$22.28 and a 12-month high of C$39.17. The firm has a fifty day moving average price of C$34.61 and a 200-day moving average price of C$29.16. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

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.