CAE Inc. (TSE:CAE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$39.23.

A number of equities research analysts have recently commented on the stock. CIBC increased their target price on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Royal Bank of Canada lowered CAE from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$41.00 to C$38.00 in a research report on Wednesday, May 21st. National Bank Financial upgraded CAE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating and upped their target price for the company from C$25.00 to C$45.00 in a report on Friday, March 7th. Finally, TD Securities raised their target price on CAE from C$39.00 to C$40.00 and gave the stock a “hold” rating in a research note on Thursday, May 22nd.

CAE Price Performance

TSE:CAE opened at C$36.41 on Monday. The stock has a 50 day moving average of C$34.60 and a two-hundred day moving average of C$34.59. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17. The firm has a market cap of C$11.64 billion, a P/E ratio of -34.92, a price-to-earnings-growth 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.

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.