CAE Inc Surpasses Analyst Price Target: What Does It Mean for Investors?
In recent trading, shares of CAE Inc (Symbol: CAE) have crossed above the average analyst 12-month target price of $20.56, changing hands for $21.53 per share. When a stock hits an analyst’s target, the analyst typically has two options: downgrade on valuation or adjust their target price higher. Reactions may vary depending on the company’s performance and market conditions. If business prospects seem bright, it may warrant a higher target price.
Breaking Down Analyst Targets for CAE Inc
Analysts covering CAE Inc have set various price targets, leading to an average based on diverse opinions. Among the 12 analysts included in the Zacks coverage, predictions vary significantly. One analyst has set a target as low as $13.77, while another stands at a high of $26.00. The standard deviation among these targets is $3.4.
Importance of the Average Price Target
The significance of the average price target lies in its representation of collective expert opinions. With CAE now surpassing its average target of $20.56 per share, it presents an important moment for investors. They now face a crucial question: is $20.56 merely a stepping stone to a higher target, or has the stock’s valuation become too stretched? Investors are encouraged to evaluate the company’s fundamentals to make informed decisions.
| Recent CAE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 6 | 7 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.08 | 2.08 | 2.08 | 2.0 |
The average rating in the table above ranges from 1 as a Strong Buy to 5 as a Strong Sell. This data was compiled from Zacks Investment Research via Quandl.com. For more detailed insights, get the latest Zacks research report on CAE — for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
