Analysts Set CAE Inc. (TSE:CAE) Price Target at C$44.75

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$44.75.

CAE has been the subject of a number of analyst reports. Scotiabank increased their target price on CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Desjardins upped their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada set a C$40.00 target price on CAE and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Finally, TD Securities boosted their target price on shares of CAE from C$44.00 to C$46.00 in a research report on Thursday, November 13th.

CAE Stock Up 1.7%

Shares of TSE:CAE opened at C$42.45 on Friday. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$43.47. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The firm’s 50-day simple moving average is C$39.15 and its 200-day simple moving average is C$38.88. The company has a market cap of C$13.65 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.76 and a beta of 0.93.

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

About CAE

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.