TD Securities Increases CAE (TSE:CAE) Price Target to C$39.00

CAE (TSE:CAE) (NYSE:CAE) had its price target upped by TD Securities from C$35.00 to C$39.00 in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently commented on CAE. National Bank Financial downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Scotiabank increased their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. National Bankshares downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and upped their target price for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, CIBC raised their target price on shares of CAE from C$37.00 to C$39.00 in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus price target of C$36.94.

CAE Stock Performance

CAE opened at C$36.12 on Tuesday. The business’s 50-day simple moving average is C$34.83 and its 200 day simple moving average is C$29.38. CAE has a 52-week low of C$22.28 and a 52-week high of C$39.17. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The firm has a market capitalization of C$11.55 billion, a PE ratio of -34.64, a PEG ratio of 1.76 and a beta of 1.91.

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.