CAE (TSE:CAE) Rating Increased to Neutral at Bank of America

Bank of America upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from an underperform rating to a neutral rating in a research note published on Friday morning,BayStreet.CA reports. The firm currently has C$45.00 price objective on the stock, up from their prior price objective of C$25.00.

Other research analysts have also issued reports about the stock. BMO Capital Markets increased their price target on shares of CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. CIBC increased their price target on shares of CAE from C$37.00 to C$39.00 in a research note on Tuesday, February 18th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and increased their price target for the stock from C$32.00 to C$40.00 in a research note on Monday, December 30th. TD Securities increased their price target on shares of CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their price target on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$37.83.

CAE Stock Up 3.4 %

Shares of TSE CAE opened at C$36.16 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm has a fifty day simple moving average of C$34.99 and a two-hundred day simple moving average of C$30.30. The firm has a market capitalization of C$11.56 billion, a PE ratio of -34.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 12 month low of C$22.28 and a 12 month high of C$39.17.

About CAE

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.