Desjardins Upgrades CAE (TSE:CAE) to “Buy”

CAE (TSE:CAE) (NYSE:CAE) was upgraded by research analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has a C$40.00 price objective on the stock, up from their previous price objective of C$32.00. Desjardins’ price target would indicate a potential upside of 11.95% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on CAE. Scotiabank increased their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price objective on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. Canaccord Genuity Group upped their target price on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. National Bankshares lifted their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Finally, Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Price Performance

CAE stock opened at C$35.73 on Tuesday. The stock’s 50 day moving average is C$29.88 and its 200 day moving average is C$26.57. CAE has a one year low of C$22.28 and a one year high of C$35.75. The firm has a market cap of C$11.39 billion, a P/E ratio of -33.39, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

About CAE

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.