CAE (TSE:CAE) Price Target Raised to C$56.00

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by CIBC from C$47.00 to C$56.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Scotiabank boosted their price target on shares of CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th. TD Securities boosted their target price on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Royal Bank Of Canada increased their price target on CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, January 12th. Finally, Desjardins raised their price target on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$48.05.

CAE Stock Performance

Shares of CAE stock opened at C$45.47 on Wednesday. The stock has a market cap of C$14.62 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93. The stock has a 50-day moving average of C$41.28 and a 200-day moving average of C$39.64. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a one year low of C$28.98 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. The firm had revenue of C$1.24 billion during the quarter.

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.