CAE (TSE:CAE) Rating Increased to Buy at Desjardins

CAE (TSE:CAE) (NYSE:CAE) was upgraded by equities researchers at Desjardins from a “hold” rating to a “buy” rating in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a C$40.00 target price on the stock, up from their prior target price of C$32.00. Desjardins’ price objective suggests a potential upside of 11.95% from the stock’s current price.

CAE has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. BMO Capital Markets lifted their price objective on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Scotiabank raised their target price on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, National Bankshares raised their price objective on CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Trading Up 1.2 %

Shares of CAE stock traded up C$0.41 on Tuesday, reaching C$35.73. 336,556 shares of the stock were exchanged, compared to its average volume of 654,922. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. CAE has a 1-year low of C$22.28 and a 1-year high of C$35.75. The stock has a market cap of C$11.39 billion, a P/E ratio of -33.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The firm has a 50 day moving average of C$29.67 and a two-hundred day moving average of C$26.50.

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.