CAE (TSE:CAE) Hits New 1-Year High Following Analyst Upgrade

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high during 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 changing hands. The stock had previously closed at C$41.06.

Other equities research analysts have also issued reports about the stock. TD Securities upped their price objective on shares of 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 target on shares of CAE and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Scotiabank lifted their price objective on CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.75.

CAE Trading Down 1.3%

The firm’s 50 day simple moving average is C$38.37 and its two-hundred day simple moving average is C$38.30. The stock has a market capitalization of C$13.03 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.76 and a beta of 1.02. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The company 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.