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Analysts’ Top Industrial Goods Picks: Stantec (STN), CAE (CAE)

Tipranks - Tipranks - Sat Aug 15, 6:32AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Stantec (STN) and CAE (CAE) with bullish sentiments.

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Stantec (STN)

In a report released today, Devin Dodge from BMO Capital maintained a Buy rating on Stantec, with a price target of C$140.00. The company’s shares closed last Thursday at $74.01, close to its 52-week low of $73.18.

According to TipRanks.com, Dodge is a 5-star analyst with an average return of 14.1% and a 68.1% success rate. Dodge covers the Industrial Goods sector, focusing on stocks such as Brookfield Business Corp. Class A, Republic Services, and Waste Connections. ;'>

Stantec has an analyst consensus of Strong Buy, with a price target consensus of $97.23, which is a 32.5% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a C$140.00 price target.

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CAE (CAE)

BMO Capital analyst Fadi Chamoun maintained a Buy rating on CAE yesterday and set a price target of C$47.00. The company’s shares closed last Thursday at $26.33, close to its 52-week high of $27.62.

According to TipRanks.com, Chamoun is a 5-star analyst with an average return of 18.3% and a 67.7% success rate. Chamoun covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, Old Dominion Freight, and TFI International. ;'>

Currently, the analyst consensus on CAE is a Moderate Buy with an average price target of $30.39, an 8.2% upside from current levels. In a report issued on August 7, Stifel Nicolaus also maintained a Buy rating on the stock with a C$47.00 price target.

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