CAE (TSE:CAE) Price Target Raised to C$53.00 at National Bank Financial

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by National Bank Financial from C$52.00 to C$53.00 in a research report released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Canaccord Genuity Group raised shares of CAE from a “hold” rating to a “buy” rating and raised their target price for the company from C$38.00 to C$49.00 in a research report on Friday, March 13th. Scotiabank raised their target price on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. TD Securities decreased their target price on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada decreased their target price on shares of CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$51.22.

CAE Stock Down 0.8%

Shares of CAE stock opened at C$36.82 on Friday. The firm has a fifty day moving average of C$38.89 and a 200-day moving average of C$40.09. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. CAE has a 12-month low of C$31.77 and a 12-month high of C$47.65. The company has a market capitalization of C$11.85 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.34 earnings per share (EPS) for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

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.