Morgan Stanley Cuts CAE (TSE:CAE) Price Target to C$36.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective lowered by Morgan Stanley from C$37.00 to C$36.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on the stock. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$32.00 to C$40.00 in a research note on Monday, December 30th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from C$25.00 to C$45.00 in a research report on Friday, March 7th. CIBC increased their target price on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. Finally, TD Securities lifted their price objective on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a research note on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CAE has an average rating of “Hold” and a consensus price target of C$37.65.

CAE Trading Up 1.3 %

Shares of CAE stock opened at C$31.55 on Friday. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market cap of C$10.09 billion, a PE ratio of -30.25, a PEG ratio of 1.76 and a beta of 1.91. The company has a 50 day simple moving average of C$34.57 and a two-hundred day simple moving average of C$32.12.

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.