CAE (TSE:CAE) Reaches New 1-Year High – Here’s Why

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$32.82 and last traded at C$32.73, with a volume of 411264 shares traded. The stock had previously closed at C$32.45.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CAE shares. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Royal Bank of Canada upped their price objective on CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. National Bankshares raised their target price on CAE from C$30.00 to C$34.00 in a research report on Wednesday, November 13th. Canaccord Genuity Group boosted their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Finally, TD Securities increased their price target on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

The business has a 50 day moving average of C$26.91 and a 200-day moving average of C$25.79. The company has a market capitalization of C$10.39 billion, a P/E ratio of -30.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

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.