CAE (TSE:CAE) Hits New 1-Year High on Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price reached a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$33.00 to C$37.00. CIBC currently has a neutral rating on the stock. CAE traded as high as C$35.28 and last traded at C$35.21, with a volume of 316079 shares traded. The stock had previously closed at C$34.18.

A number of other research firms have also recently weighed in on CAE. TD Securities raised their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bankshares increased their price target on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their target price on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, CAE has an average rating of “Hold” and an average price target of C$33.44.

CAE Price Performance

The business’s 50-day moving average price is C$29.46. The stock has a market cap of C$11.16 billion, a PE ratio of -32.73, 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.

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.