CAE (TSE:CAE) Stock Price Up 13.1% After Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price shot up 13.1% during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$38.00 to C$39.00. The stock traded as high as C$37.87 and last traded at C$37.74. 295,146 shares changed hands during trading, a decline of 47% from the average session volume of 559,372 shares. The stock had previously closed at C$33.37.

CAE has been the subject of several other research reports. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating and upped their price objective for the company from C$34.00 to C$35.00 in a research note on Monday, January 6th. National Bankshares downgraded CAE from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$34.00 to C$38.00 in a research note on Thursday, January 30th. CIBC upped their price objective 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. Finally, Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Seven 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.com, the company presently has an average rating of “Hold” and a consensus price target of C$36.19.

CAE Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The business has a 50-day moving average price of C$34.51 and a 200 day moving average price of C$29.06. The stock has a market cap of C$12.15 billion, a PE ratio of -36.43, a PEG ratio of 1.76 and a beta of 1.91.

CAE Company Profile

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.