Desjardins Upgrades CAE (TSE:CAE) to Buy

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

Other equities analysts have also recently issued research reports about the company. National Bankshares lifted their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities increased their target price on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada raised their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets upped their price target on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CAE presently has a consensus rating of “Moderate Buy” and an average target price of C$34.94.

CAE Stock Up 1.2 %

Shares of TSE:CAE opened at C$35.73 on Tuesday. The company has a 50-day moving average price of C$29.67 and a 200 day moving average price of C$26.50. The company has a current ratio of 0.89, a quick ratio of 0.71 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$35.75. The company has a market cap of C$11.39 billion, a price-to-earnings ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91.

About CAE

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.