CAE (TSE:CAE) Stock Rating Upgraded by Scotiabank

CAE (TSE:CAE) (NYSE:CAE) was upgraded by stock analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Royal Bank of Canada dropped their price target on shares of CAE from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. TD Securities upped their target price on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. National Bankshares upgraded CAE from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. Finally, Bank of America raised CAE from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from C$25.00 to C$45.00 in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus target price of C$38.45.

CAE Price Performance

Shares of CAE opened at C$35.50 on Thursday. CAE has a one year low of C$22.28 and a one year high of C$39.17. The stock’s fifty day moving average is C$34.07 and its 200-day moving average is C$33.56. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The firm has a market capitalization of C$11.35 billion, a price-to-earnings ratio of -34.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.