CAE (TSE:CAE) Upgraded to “Buy” at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a buy rating in a report published on Monday,BayStreet.CA reports. Desjardins currently has C$40.00 price objective on the stock, up from their prior price objective of C$32.00.

A number of other analysts have also recently commented on CAE. Royal Bank of Canada upped their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. CIBC increased their price target on CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. National Bankshares lifted their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Scotiabank increased their target price on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, BMO Capital Markets raised their target price on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and an average price target of C$34.94.

CAE Stock Down 0.4 %

Shares of TSE CAE opened at C$36.39 on Monday. CAE has a 52-week low of C$22.28 and a 52-week high of C$36.68. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a market cap of C$11.60 billion, a P/E ratio of -34.01, a P/E/G ratio of 1.76 and a beta of 1.91. The firm has a 50 day moving average price of C$30.70 and a 200 day moving average price of C$26.88.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.