Brokerages Set CAE Inc. (TSE:CAE) PT at C$35.56

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$35.56.

Several research firms recently weighed in on CAE. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Canaccord Genuity Group boosted their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating and raised their target price for the company from C$34.00 to C$35.00 in a research note on Monday, January 6th. Royal Bank of Canada lifted their target price on shares of CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Finally, CIBC upped their price target on shares of CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a report on Monday, December 23rd.

CAE Price Performance

TSE CAE opened at C$34.92 on Friday. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$36.68. The company’s 50-day moving average is C$33.19. The company has a market capitalization of C$11.13 billion, a price-to-earnings ratio of -32.64, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

About CAE

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.