CAE (TSE:CAE) Price Target Raised to C$47.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective boosted by RBC Dominion Securities from C$46.00 to C$47.00 in a research note released on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Barclays set a C$54.00 price objective on shares of CAE and gave the company an “overweight” rating in a research note on Friday, October 9th. Scotiabank cut their price objective on shares of CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, National Bank Financial reduced their price objective on shares of CAE from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.93.

CAE Stock Performance

Shares of CAE stock opened at C$36.02 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43. The stock’s fifty day moving average price is C$34.16 and its 200-day moving average price is C$36.91. The firm has a market cap of C$11.59 billion, a P/E ratio of 40.47, a P/E/G ratio of 1.76 and a beta of 0.57. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

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