Desjardins Upgrades CAE (TSE:CAE) to “Buy”

CAE (TSE:CAE) (NYSE:CAE) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a C$40.00 price objective on the stock, up from their prior price objective of C$32.00. Desjardins’ price target suggests a potential upside of 9.53% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Canaccord Genuity Group upped their price target on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their target price on shares of CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. BMO Capital Markets boosted their price target on shares of CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, CIBC increased their target price on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Trading Up 2.2 %

CAE opened at C$36.52 on Monday. CAE has a 1-year low of C$22.28 and a 1-year high of C$36.53. The firm has a market cap of C$11.64 billion, a PE ratio of -34.13, a PEG ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The company has a 50-day moving average of C$30.50.

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.