Brokerages Set CAE Inc. (TSE:CAE) Target Price at C$37.83

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$37.83.

CAE has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and upped their price target for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Royal Bank of Canada lifted their price objective on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. CIBC boosted their price objective on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Finally, National Bank Financial cut shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

CAE Stock Down 8.0 %

Shares of TSE CAE opened at C$30.56 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The business’s 50 day moving average is C$35.03 and its two-hundred day moving average is C$31.82. CAE has a 52-week low of C$22.28 and a 52-week high of C$39.17. The firm has a market cap of C$9.77 billion, a price-to-earnings ratio of -29.31, a PEG ratio of 1.76 and a beta of 1.91.

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.