CAE (TSE:CAE) Price Target Raised to C$51.00

CAE (TSE:CAE) (NYSE:CAE) had its price target hoisted by equities researchers at Scotia from C$49.00 to C$51.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Scotia‘s target price suggests a potential upside of 27.88% from the stock’s current price.

A number of other brokerages also recently commented on CAE. Desjardins lifted their price objective on shares of CAE from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce raised their target price on shares of CAE from C$47.00 to C$50.00 and gave the company an “outperformer” rating in a research note on Friday. National Bank Financial lifted their price target on CAE from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday. RBC Dominion Securities boosted their price target on CAE from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Finally, Scotiabank dropped their price objective on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 15th. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.13.

CAE Stock Down 0.8%

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

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