CAE (TSE:CAE) Reaches New 1-Year High – Still a Buy?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$31.52 and last traded at C$31.38, with a volume of 776009 shares. The stock had previously closed at C$31.19.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAE. National Bankshares lifted their price target on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday, November 13th. Scotiabank lifted their price target on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Royal Bank of Canada boosted their target price on CAE from C$27.00 to C$34.00 in a research report on Thursday, November 14th. TD Securities boosted their price objective on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their price objective on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$32.35.

CAE Price Performance

The company has a fifty day moving average of C$25.92 and a 200-day moving average of C$25.60. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a market cap of C$10.38 billion, a P/E ratio of -29.62, a P/E/G ratio of 1.76 and a beta of 1.91.

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.