CAE (TSE:CAE) Upgraded at Bank of America

CAE (TSE:CAE) (NYSE:CAE) was upgraded by research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a C$45.00 price target on the stock, up from their previous price target of C$25.00. Bank of America‘s price target suggests a potential upside of 26.65% from the stock’s current price.

CAE has been the topic of a number of other research reports. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. TD Securities increased their price objective on shares of CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a report on Tuesday, February 18th. Canaccord Genuity Group lifted their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. BMO Capital Markets upped their price target on shares of CAE from C$38.00 to C$39.00 in a research report on Friday, February 14th. Finally, National Bank Financial cut CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$37.83.

CAE Price Performance

Shares of CAE stock traded up C$0.56 on Friday, hitting C$35.53. The company’s stock had a trading volume of 261,842 shares, compared to its average volume of 712,831. The company has a market capitalization of C$11.36 billion, a price-to-earnings ratio of -34.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The firm has a fifty day moving average price of C$35.00 and a 200-day moving average price of C$30.22. 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 1 year low of C$22.28 and a 1 year 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.