CAE (TSE:CAE) Given New C$36.00 Price Target at Morgan Stanley

CAE (TSE:CAE) (NYSE:CAE) had its price objective cut by research analysts at Morgan Stanley from C$37.00 to C$36.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 14.69% from the stock’s current price.

CAE has been the topic of several other reports. Bank of America raised CAE from an “underperform” rating to a “neutral” rating and increased their price objective for the company from C$25.00 to C$45.00 in a research report on Friday, March 7th. National Bankshares downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$34.00 to C$38.00 in a report on Thursday, January 30th. BMO Capital Markets lifted their price target on shares of CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and increased their price objective for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Finally, TD Securities raised their target price on shares of CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$37.65.

CAE Stock Up 0.8 %

TSE CAE traded up C$0.24 during mid-day trading on Friday, reaching C$31.39. The stock had a trading volume of 149,718 shares, compared to its average volume of 740,197. The stock has a market cap of C$10.04 billion, a PE ratio of -30.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. 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 company has a fifty day moving average price of C$34.60 and a 200 day moving average price of C$32.12.

CAE Company Profile

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.