CAE (TSE:CAE) Rating Increased to Buy at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a buy rating in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has C$40.00 target price on the stock, up from their prior target price of C$32.00.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. TD Securities upped their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, November 14th. CIBC increased their price objective on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$34.94.

CAE Stock Performance

Shares of CAE opened at C$36.50 on Monday. The stock has a 50-day moving average of C$31.10 and a two-hundred day moving average of C$27.03. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a market cap of C$11.63 billion, a P/E ratio of -34.11, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a one year low of C$22.28 and a one year high of C$36.68.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.