CAE (TSE:CAE) Reaches New 12-Month High on Analyst Upgrade

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high during mid-day trading on Monday after Desjardins raised their price target on the stock from C$46.00 to C$51.00. Desjardins currently has a buy rating on the stock. CAE traded as high as C$41.41 and last traded at C$40.39, with a volume of 138196 shares. The stock had previously closed at C$41.06.

Other analysts have also issued research reports about the company. TD Securities raised their price target on CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th. Royal Bank Of Canada set a C$40.00 price objective on CAE and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Finally, Scotiabank increased their price target on shares of CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$44.75.

CAE Stock Performance

The business has a 50-day moving average of C$38.37 and a 200 day moving average of C$38.34. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The company has a market cap of C$12.94 billion, a PE ratio of 29.60, a PEG ratio of 1.76 and a beta of 1.02.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The business had revenue of C$1.24 billion during the quarter.

CAE Company Profile

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.