National Bank Financial Has Lowered Expectations for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price dropped by research analysts at National Bank Financial from C$53.00 to C$49.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 47.55% from the stock’s previous close.

Several other analysts also recently issued reports on CAE. TD Securities decreased their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Scotia decreased their price target on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday. TD reduced their price objective on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research note on Monday. Desjardins cut their price target on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$49.18.

CAE Trading Up 3.7%

Shares of TSE:CAE traded up C$1.20 during trading on Monday, reaching C$33.21. The company’s stock had a trading volume of 747,611 shares, compared to its average volume of 939,183. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The firm’s 50 day simple moving average is C$36.39 and its two-hundred day simple moving average is C$39.47. The stock has a market capitalization of C$10.68 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$1.33 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

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.