Shares of Cae Inc (TSE:CAE) (NYSE:CAE) reached a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$30.00 to C$31.00. TD Securities currently has a hold rating on the stock. CAE traded as high as C$31.94 and last traded at C$31.83, with a volume of 351031 shares trading hands. The stock had previously closed at C$31.61.
Several other brokerages have also recently weighed in on CAE. Raymond James restated a “market perform” rating and set a C$27.50 price objective on shares of CAE in a research note on Monday, February 11th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$30.00 to C$32.50 in a research note on Friday, April 26th. BMO Capital Markets raised their price objective on CAE from C$30.00 to C$33.00 in a research note on Monday, April 29th. Finally, CIBC raised their price objective on CAE from C$29.00 to C$32.00 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CAE has an average rating of “Buy” and an average price target of C$30.50.
The company has a market capitalization of $8.38 billion and a P/E ratio of 29.63. The company has a debt-to-equity ratio of 56.88, a current ratio of 1.10 and a quick ratio of 0.76.
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CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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