CAE (TSE:CAE) Stock Gets Price Target Reduction from Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its target price trimmed by Scotiabank from C$50.00 to C$48.00 in a report published on Thursday morning,BayStreet reports. The firm currently has a sector outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Barclays set a C$54.00 target price on shares of CAE and gave the stock an “overweight” rating in a research report on Friday, October 9th. Desjardins lifted their price target on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Finally, Bank of America dropped their price objective on CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$47.07.

CAE Trading Up 0.5%

CAE stock opened at C$34.10 on Thursday. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The firm’s 50-day moving average is C$34.36 and its 200 day moving average is C$35.35. The company has a market capitalization of C$10.98 billion, a PE ratio of 38.31, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$1.17 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.