CAE (TSE:CAE) Given New C$36.00 Price Target at Morgan Stanley

CAE (TSE:CAE) (NYSE:CAE) had its price objective lowered by Morgan Stanley from C$37.00 to C$36.00 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on CAE. National Bank Financial lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. TD Securities raised their target price on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research note on Tuesday, February 18th. Desjardins raised CAE from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. National Bankshares cut shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on shares of CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, CAE presently has a consensus rating of “Hold” and a consensus price target of C$37.65.

CAE Trading Up 1.3 %

TSE CAE opened at C$31.55 on Friday. The company has a market capitalization of C$10.09 billion, a PE ratio of -30.25, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a fifty day moving average of C$34.57 and a 200 day moving average of C$32.12. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a 1 year low of C$22.28 and a 1 year high of C$39.17.

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.