CAE (TSE:CAE) Hits New 52-Week High – Should You Buy?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$33.94 and last traded at C$33.87, with a volume of 45246 shares changing hands. The stock had previously closed at C$33.54.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CAE. Royal Bank of Canada upped their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Canaccord Genuity Group boosted their price target on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Scotiabank upped their price target on CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. CIBC cut shares of CAE from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, TD Securities upped their target price on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$33.06.

CAE Stock Up 1.2 %

The company has a market capitalization of C$10.82 billion, a price-to-earnings ratio of -31.35, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The business’s 50 day moving average is C$28.80 and its 200 day moving average is C$26.21.

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.