National Bank Financial Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by investment analysts at National Bank Financial from C$48.00 to C$49.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 22.87% from the stock’s previous close.

Several other brokerages have also recently issued reports on CAE. Bank of America cut their target price on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Scotiabank lowered their price target on shares of CAE from C$50.00 to C$48.00 and set a “sector outperform” rating for the company in a report on Thursday, October 15th. TD increased 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 report on Friday, August 14th. Finally, Desjardins raised their price target on shares of CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$47.13.

CAE Trading Down 0.8%

CAE stock traded down C$0.31 during mid-day trading on Friday, hitting C$39.88. The company’s stock had a trading volume of 411,706 shares, compared to its average volume of 931,341. The business has a 50 day moving average price of C$34.95 and a 200-day moving average price of C$36.58. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The stock has a market cap of C$12.84 billion, a price-to-earnings ratio of 44.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.46.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Wednesday, November 11th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

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.