CAE (TSE:CAE) Rating Increased to Buy at Canaccord Genuity Group

CAE (TSE:CAE) (NYSE:CAE) was upgraded by equities research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a C$49.00 price objective on the stock, up from their prior price objective of C$38.00. Canaccord Genuity Group’s price objective points to a potential upside of 29.42% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Monday, January 12th. Desjardins increased their price target on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Stifel Nicolaus set a C$50.00 price objective on shares of CAE and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, TD Securities boosted their price objective on shares of CAE from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CAE currently has an average rating of “Moderate Buy” and an average target price of C$49.70.

CAE Stock Performance

CAE stock traded up C$0.93 during trading hours on Friday, hitting C$37.86. The company had a trading volume of 453,627 shares, compared to its average volume of 908,763. The firm has a 50-day moving average of C$42.85 and a 200 day moving average of C$40.18. The company has a debt-to-equity ratio of 62.81, a current ratio of 0.91 and a quick ratio of 0.71. The firm has a market cap of C$12.18 billion, a PE ratio of 32.08, a PEG ratio of 1.76 and a beta of 0.56. CAE has a one year low of C$28.98 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.