CAE Inc. (TSE:CAE) Stock Has Consensus Target Price of C$47.23 According to Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$47.23.

A number of research analysts have recently commented on CAE shares. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Bank of America reduced their price target on shares of CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. TD upped their price target on shares of CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Desjardins increased their price objective on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th.

CAE Price Performance

TSE:CAE opened at C$33.69 on Friday. The business’s 50-day moving average is C$34.92 and its 200 day moving average is C$35.51. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The company has a market capitalization of C$10.84 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.The business had revenue of C$1.17 billion during the quarter.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.