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

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by equities researchers at Canaccord Genuity Group from C$48.00 to C$51.00 in a note issued to investors on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 27.88% from the stock’s previous close.

Several other brokerages also recently commented on CAE. Barclays set a C$54.00 target price on shares of CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. Scotia upped their price target on shares of CAE from C$48.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Tuesday, October 27th. National Bank Financial upped their price target on shares of CAE from C$48.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus raised their price target on CAE from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average price target of C$47.13.

CAE Stock Performance

Shares of TSE:CAE traded down C$0.31 during trading on Friday, reaching C$39.88. The stock had a trading volume of 411,706 shares, compared to its average volume of 931,341. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. The firm has a market capitalization of C$12.84 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 1.76 and a beta of 0.46. 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 stock has a fifty day simple moving average of C$34.95 and a two-hundred day simple moving average of C$36.58.

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

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.