CAE (TSE:CAE) Price Target Raised to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective boosted by equities research analysts at National Bankshares from C$30.00 to C$34.00 in a research note issued on Wednesday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 15.41% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank increased their price objective on shares of CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Desjardins dropped their price objective on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. BMO Capital Markets cut their price objective on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Canaccord Genuity Group lowered their target price on CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus target price of C$31.10.

CAE Trading Up 9.3 %

CAE stock traded up C$2.50 during midday trading on Wednesday, hitting C$29.46. 1,396,139 shares of the company’s stock were exchanged, compared to its average volume of 614,463. CAE has a 1-year low of C$22.28 and a 1-year high of C$31.90. The business has a 50-day simple moving average of C$25.03 and a two-hundred day simple moving average of C$25.38. The stock has a market capitalization of C$9.39 billion, a PE ratio of -27.53, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating analysts’ consensus estimates 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 company 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.