CAE (CAE) Stock Rating Reaffirmed by AltaCorp Capital

CAE (TSE:CAE) (NYSE:CAE)‘s stock had its “sector perform” rating reissued by research analysts at AltaCorp Capital in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also recently commented on CAE. Royal Bank of Canada lifted their price objective on shares of CAE from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Scotiabank lifted their price objective on shares of CAE from C$24.00 to C$24.25 and gave the stock an “outperform” rating in a research report on Monday. Desjardins lifted their price objective on shares of CAE from C$25.00 to C$27.00 in a research report on Monday, November 13th. Raymond James Financial reduced their price objective on shares of CAE from C$22.00 to C$21.00 and set a “market perform” rating for the company in a research report on Monday, November 13th. Finally, CIBC lifted their price objective on shares of CAE from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CAE presently has an average rating of “Buy” and a consensus target price of C$24.03.

CAE (TSE:CAE) opened at C$23.33 on Tuesday. CAE has a 52-week low of C$18.90 and a 52-week high of C$23.67. The company has a market cap of $6,280.00, a price-to-earnings ratio of 19.94 and a beta of 0.38.

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CAE Company Profile

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Analyst Recommendations for CAE (TSE:CAE)

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