TD Securities Raises CAE (TSE:CAE) Price Target to C$46.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by equities researchers at TD Securities from C$44.00 to C$46.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 24.12% from the stock’s current price.

A number of other research firms also recently commented on CAE. BMO Capital Markets upped their price objective on shares of CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. National Bankshares upped their price target on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Scotiabank increased their price target on shares of CAE from C$42.00 to C$46.50 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$43.45.

CAE Price Performance

CAE stock opened at C$37.06 on Thursday. The stock has a market capitalization of C$11.89 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. CAE has a 52-week low of C$28.98 and a 52-week high of C$41.38. The stock’s fifty day simple moving average is C$38.73 and its 200-day simple moving average is C$37.92.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The firm had revenue of C$1.24 billion during the quarter.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.