HomeNewsCAE (CAE) Receives a Buy from CIBC – TipRanks Financial Blog

CAE (CAE) Receives a Buy from CIBC – TipRanks Financial Blog

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CIBC analyst Kevin Chiang maintained a Buy rating on CAE (CAEResearch Report) on February 15 and set a price target of C$32.00. The company’s shares closed last Friday at $19.01.

Chiang covers the Industrials sector, focusing on stocks such as Canadian National Railway, Canadian Pacific, and Bombardier. According to TipRanks, Chiang has an average return of 4.2% and a 55.90% success rate on recommended stocks.

In addition to CIBC, CAE also received a Buy from TD Securities’s Tim James in a report issued on February 15. However, on the same day, Scotiabank maintained a Hold rating on CAE (NYSE: CAE).

See the top stocks recommended by analysts >>

CAE market cap is currently $6.05B and has a P/E ratio of 29.30.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CAE (CAE) Company Description:

CAE, Inc. engages in the provision of training and development of integrated training solutions for the defence and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment offers training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services. The Defence and Security segment includes training systems integrator for defence forces across the air, land and naval domains, and for government organizations responsible for public safety. The Healthcare segment designs and manufactures simulators, audiovisual solutions, and courseware for training of medical and allied healthcare students and clinicians in educational institutions, hospitals and defence organizations. The company was founded by Kenneth R. Patrick on March 17, 1947 and is headquartered in Montreal, Canada.

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