CAE (CAE) Given New C$31.00 Price Target at TD Securities
CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by equities researchers at TD Securities from C$30.00 to C$31.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential downside of 2.73% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. BMO Capital Markets raised their target price on CAE from C$30.00 to C$33.00 in a research report on Monday, April 29th. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$30.00 to C$32.50 in a research report on Friday, April 26th. CIBC lifted their price objective on CAE from C$29.00 to C$32.00 in a research report on Tuesday, April 23rd. Finally, Raymond James reaffirmed a “market perform” rating and set a C$27.50 price objective on shares of CAE in a research report on Monday, February 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. CAE has a consensus rating of “Buy” and a consensus target price of C$30.50.
TSE:CAE traded up C$0.26 on Wednesday, hitting C$31.87. The stock had a trading volume of 391,572 shares, compared to its average volume of 469,104. The stock has a market capitalization of $8.38 billion and a price-to-earnings ratio of 29.52. The company has a debt-to-equity ratio of 56.88, a quick ratio of 0.76 and a current ratio of 1.10. CAE has a 52-week low of C$22.10 and a 52-week high of C$31.94.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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