Stifel Nicolaus Lowers CAE (TSE:CAE) Price Target to C$47.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective cut by research analysts at Stifel Nicolaus from C$50.00 to C$47.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 42.47% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Desjardins reduced their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th. TD Securities reduced their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets reduced their price objective on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday. Canaccord Genuity Group lifted their price objective on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, National Bank Financial reduced their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$48.91.

CAE Stock Down 1.4%

Shares of CAE stock traded down C$0.46 on Tuesday, reaching C$32.99. 1,074,488 shares of the company were exchanged, compared to its average volume of 943,466. The company has a market cap of C$10.61 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.76 and a beta of 0.71. The company has a 50-day moving average of C$36.32 and a 200-day moving average of C$39.43. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. CAE has a one year low of C$31.42 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$1.33 billion for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

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.