TD Securities Lowers CAE (TSE:CAE) Price Target to C$53.00

CAE (TSE:CAE) (NYSE:CAE) had its target price decreased by equities researchers at TD Securities from C$54.00 to C$53.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 45.84% from the stock’s previous close.

A number of other research firms also recently issued reports on CAE. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the company a “buy” rating in a report on Wednesday, March 4th. Scotiabank increased their price target on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lifted their price target on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Canaccord Genuity Group raised shares of CAE from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$38.00 to C$49.00 in a research note on Friday, March 13th. Finally, Desjardins upped their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average price target of C$49.60.

CAE Trading Down 3.1%

CAE stock traded down C$1.17 during trading on Tuesday, hitting C$36.34. The company’s stock had a trading volume of 346,631 shares, compared to its average volume of 925,043. The stock’s fifty day moving average is C$41.84 and its 200 day moving average is C$40.24. CAE has a 1-year low of C$28.98 and a 1-year high of C$47.65. The stock has a market capitalization of C$11.69 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.76 and a beta of 0.56. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91.

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

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.