Brokerages Set CAE Inc. (TSE:CAE) Target Price at C$48.91

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is C$48.91.

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. TD cut their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Stifel Nicolaus cut their target price on CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Royal Bank Of Canada cut their target price on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Finally, Desjardins decreased their price target on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th.

CAE Stock Performance

Shares of CAE stock opened at C$35.54 on Monday. The company has a market cap of C$11.43 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. The stock has a 50 day simple moving average of C$35.91 and a 200-day simple moving average of C$39.23. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97.

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

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.