CAE (TSE:CAE) Price Target Raised to C$56.00 at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by CIBC from C$47.00 to C$56.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 22.38% from the company’s previous close.

Other research analysts also recently issued reports about the company. Desjardins lifted their target price on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada raised their target price on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Monday, January 12th. TD Securities increased their price target on shares of CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Scotiabank upped their target price on CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$48.05.

CAE Stock Up 1.4%

Shares of CAE stock traded up C$0.61 on Wednesday, reaching C$45.76. 519,349 shares of the company were exchanged, compared to its average volume of 663,298. The company has a market capitalization of C$14.71 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.76 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. CAE has a one year low of C$28.98 and a one year high of C$47.65. The company has a 50-day moving average of C$40.77 and a 200 day moving average of C$39.51.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. The firm had revenue of C$1.24 billion for the quarter.

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.