CAE (TSE:CAE) Stock Gets Price Target Increase from Desjardins

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by stock analysts at Desjardins from C$49.00 to C$53.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price objective suggests a potential upside of 32.90% from the company’s previous close.

CAE has been the subject of several other research reports. Scotia raised their target price on CAE from C$48.00 to C$49.00 and gave the company a “sector outperform” rating in a research note on Tuesday, October 27th. Scotiabank lowered their target price on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Barclays set a C$54.00 price target on shares of CAE and gave the stock an “overweight” rating in a research report on Friday, October 9th. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, RBC Dominion Securities upped their price target on shares of CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average price target of C$47.13.

CAE Price Performance

TSE CAE traded down C$0.31 on Friday, reaching C$39.88. 411,706 shares of the stock traded hands, compared to its average volume of 931,341. The firm’s fifty day simple moving average is C$34.95 and its 200 day simple moving average is C$36.58. 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 company has a market cap of C$12.84 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 1.76 and a beta of 0.46. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$0.33 earnings per share (EPS) for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%. The company had revenue of C$1.20 billion for the quarter.

About CAE

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.