CAE (TSE:CAE) Upgraded to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a strong-buy rating in a research note released on Friday,Zacks.com reports.

CAE has been the subject of a number of other reports. National Bank Financial raised CAE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Canaccord Genuity Group decreased their price objective on CAE from C$40.00 to C$38.50 and set a “hold” rating for the company in a report on Thursday, May 22nd. National Bankshares raised CAE from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$40.00 to C$43.00 in a report on Wednesday, May 7th. CIBC raised CAE from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$38.00 to C$44.00 in a report on Friday. Finally, Scotiabank upgraded shares of CAE from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$39.68.

CAE Stock Performance

Shares of CAE opened at C$38.47 on Friday. The stock has a 50 day moving average price of C$35.50 and a 200 day moving average price of C$34.84. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The company has a market capitalization of C$12.30 billion, a price-to-earnings ratio of -36.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 52-week low of C$22.28 and a 52-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.