CAE (TSE:CAE) Price Target Raised to C$39.00 at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by CIBC from C$37.00 to C$39.00 in a research note released on Tuesday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. National Bankshares cut shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their target price on CAE from C$38.00 to C$39.00 in a research report on Friday, February 14th. Scotiabank boosted their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their price objective on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$36.94.

CAE Stock Performance

CAE stock opened at C$36.12 on Tuesday. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a 12-month low of C$22.28 and a 12-month high of C$39.17. The firm’s fifty day moving average price is C$34.83 and its 200 day moving average price is C$29.38. The company has a market capitalization of C$11.55 billion, a price-to-earnings ratio of -34.64, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.