CAE Inc. (TSE:CAE) Given Consensus Recommendation of “Hold” by Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$32.35.

CAE has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. CIBC upped their target price on CAE from C$30.00 to C$33.00 in a research note on Thursday, November 14th. Scotiabank increased their price objective on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. TD Securities increased their target price on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their price target on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th.

CAE Stock Performance

CAE stock opened at C$32.71 on Thursday. The stock has a market cap of C$10.43 billion, a P/E ratio of -30.57, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$32.82. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a 50 day simple moving average of C$26.74 and a 200 day simple moving average of C$25.76.

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.