Scotia Cuts CAE (TSE:CAE) Price Target to C$50.00

CAE (TSE:CAE) (NYSE:CAE) had its price target decreased by analysts at Scotia from C$56.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price objective would suggest a potential upside of 58.33% from the stock’s current price.

A number of other analysts also recently issued reports on CAE. TD dropped their target price on shares of CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. National Bank Financial increased their target price on shares of CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada dropped their target price on shares of CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Finally, TD Securities dropped their target price on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.91.

CAE Trading Down 14.8%

CAE traded down C$5.48 on Friday, reaching C$31.58. 3,532,476 shares of the company’s stock were exchanged, compared to its average volume of 922,625. The company’s 50 day moving average is C$36.52 and its 200-day moving average is C$39.52. The company has a market cap of C$10.16 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.76 and a beta of 0.71. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65. 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 posted its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm had revenue of C$1.33 billion during the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

CAE Company Profile

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.