CAE (TSE:CAE) Stock Price Up 13.1% Following Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE) was up 13.1% during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$38.00 to C$39.00. The company traded as high as C$37.87 and last traded at C$37.74. Approximately 295,146 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 559,372 shares. The stock had previously closed at C$33.37.

CAE has been the subject of a number of other reports. National Bankshares lowered shares of CAE from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$34.00 to C$38.00 in a research report on Thursday, January 30th. National Bank Financial downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Scotiabank increased their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Desjardins raised CAE from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, CAE currently has an average rating of “Hold” and an average price target of C$36.19.

CAE Stock Up 13.8 %

The business has a 50-day moving average price of C$34.51 and a 200-day moving average price of C$29.06. The stock has a market cap of C$12.15 billion, a PE ratio of -36.43, 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.