CAE (TSE:CAE) Sets New 1-Year High Following Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$30.00 to C$34.00. The stock traded as high as C$30.74 and last traded at C$29.76, with a volume of 1459967 shares changing hands. The stock had previously closed at C$26.96.

CAE has been the subject of several other reports. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Scotiabank upped their target price on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. BMO Capital Markets dropped their target price on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Canaccord Genuity Group dropped their target price on CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Finally, Desjardins dropped their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$31.10.

CAE Stock Up 10.5 %

The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a fifty day moving average of C$25.03 and a two-hundred day moving average of C$25.38. The firm has a market capitalization of C$9.49 billion, a price-to-earnings ratio of -27.53, a P/E/G ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.05 billion.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.