Scotia Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by stock analysts at Scotia from C$48.00 to C$49.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia‘s price objective indicates a potential upside of 35.32% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. TD increased their price objective on shares of CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Bank of America lowered their price target on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Scotiabank cut their price target on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Desjardins increased their price target on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Barclays set a C$54.00 price objective on CAE and gave the company an “overweight” rating in a research note on Friday, October 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$46.93.

CAE Stock Performance

Shares of TSE:CAE traded down C$0.39 during trading on Tuesday, hitting C$36.21. The stock had a trading volume of 492,267 shares, compared to its average volume of 936,693. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65. The stock has a market capitalization of C$11.65 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The stock has a 50-day simple moving average of C$34.14 and a two-hundred day simple moving average of C$37.14.

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