CAE (TSE:CAE) Upgraded at National Bankshares

CAE (TSE:CAE) (NYSE:CAE) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a C$43.00 price objective on the stock, up from their prior price objective of C$40.00. National Bankshares’ target price would suggest a potential upside of 19.18% from the stock’s current price.

Other analysts also recently issued reports about the company. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$25.00 to C$45.00 in a research report on Friday, March 7th. CIBC boosted their price objective on shares of CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. National Bank Financial cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley reduced their price target on shares of CAE from C$37.00 to C$36.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Finally, TD Securities upped their target price on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a research note on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$38.45.

CAE Trading Up 1.1 %

Shares of CAE stock opened at C$36.08 on Wednesday. The company has a 50-day moving average of C$34.00 and a two-hundred day moving average of C$33.20. CAE has a 12-month low of C$22.28 and a 12-month high of C$39.17. 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 stock has a market cap of C$11.54 billion, a PE ratio of -34.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.