CAE Inc. (TSE:CAE) Receives Consensus Recommendation of “Hold” from Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has earned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$37.83.

A number of analysts have recently issued reports on the stock. National Bankshares lowered shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group lifted their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. BMO Capital Markets upped their price target on shares of CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their price objective on CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th.

CAE Stock Down 2.3 %

TSE:CAE opened at C$34.18 on Friday. CAE has a 1-year low of C$22.28 and a 1-year high of C$39.17. The firm has a market capitalization of C$10.93 billion, a price-to-earnings ratio of -32.78, a PEG ratio of 1.76 and a beta of 1.91. 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’s fifty day moving average price is C$34.90 and its 200 day moving average price is C$30.53.

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.