CAE (TSE:CAE) Stock Rating Upgraded by Desjardins

CAE (TSE:CAE) (NYSE:CAE) was upgraded by stock analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a C$40.00 price target on the stock, up from their previous price target of C$32.00. Desjardins’ price objective indicates a potential upside of 11.95% from the stock’s current price.

Other analysts also recently issued reports about the company. Canaccord Genuity Group upped their target price on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. CIBC increased their price objective on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Monday. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Royal Bank of Canada increased their price target on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Finally, TD Securities boosted their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Stock Up 1.2 %

TSE CAE opened at C$35.73 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The company has a market cap of C$11.39 billion, a price-to-earnings ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91. The company has a 50 day moving average of C$29.88 and a 200-day moving average of C$26.57. CAE has a 1-year low of C$22.28 and a 1-year high of C$35.75.

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.