CAE (TSE:CAE) Stock Price Expected to Rise, TD Securities Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by equities researchers at TD Securities from C$53.00 to C$54.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 30.81% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lifted their price objective 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. Canadian Imperial Bank of Commerce upped their price target on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Desjardins upped their price target on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Scotiabank raised their price target on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Six 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$48.15.

CAE Stock Performance

Shares of CAE stock traded up C$0.08 during trading hours on Tuesday, hitting C$41.28. 621,247 shares of the company’s stock traded hands, compared to its average volume of 787,814. The company has a fifty day simple moving average of C$43.23 and a 200-day simple moving average of C$40.02. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The stock has a market capitalization of C$13.28 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.76 and a beta of 0.79. CAE has a 12-month low of C$28.98 and a 12-month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.34 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%.

CAE Company Profile

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.