CAE (TSE:CAE) Given a C$50.00 Price Target by Stifel Nicolaus Analysts

CAE (TSE:CAE) (NYSE:CAE) has been given a C$50.00 price target by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 18.68% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Desjardins increased their target price on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce upped their price target on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Monday, January 12th. Scotiabank boosted their target price on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, TD Securities boosted their price objective on CAE from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$48.32.

CAE Stock Performance

Shares of TSE CAE traded up C$1.79 during trading hours on Wednesday, hitting C$42.13. 721,267 shares of the company’s stock were exchanged, compared to its average volume of 893,833. The company’s 50-day moving average price is C$43.25 and its 200-day moving average price is C$40.12. CAE has a 1-year low of C$28.98 and a 1-year high of C$47.65. The stock has a market capitalization of C$13.56 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 62.81, a current ratio of 0.91 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.