CAE (TSE:CAE) Given New C$40.00 Price Target at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its price objective boosted by TD Securities from C$39.00 to C$40.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of CAE from C$39.00 to C$40.00 in a research report on Thursday. Canaccord Genuity Group reduced their price objective on shares of CAE from C$40.00 to C$38.50 and set a “hold” rating for the company in a research report on Thursday. National Bankshares raised shares of CAE from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. Scotiabank raised shares of CAE from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$40.00 to C$42.00 in a research report on Thursday. Finally, Royal Bank of Canada downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$41.00 to C$38.00 in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$39.23.

CAE Stock Performance

TSE:CAE opened at C$34.55 on Thursday. The company has a market capitalization of C$11.05 billion, a PE ratio of -33.13, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a 50 day simple moving average of C$34.11 and a two-hundred day simple moving average of C$33.83. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$39.17.

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.