CAE Inc. (TSE:CAE) Given Average Recommendation of “Hold” by Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$32.31.

Several brokerages have issued reports on CAE. National Bankshares raised their price objective on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group upped their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. CIBC lowered shares of CAE from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th.

CAE Price Performance

TSE:CAE opened at C$34.18 on Monday. The company has a market cap of C$10.89 billion, a price-to-earnings ratio of -31.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The company has a 50 day moving average of C$29.46. CAE has a 1 year low of C$22.28 and a 1 year high of C$34.49.

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.