Desjardins Issues Pessimistic Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price objective dropped by research analysts at Desjardins from C$52.00 to C$50.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 42.41% from the company’s previous close.

CAE has been the subject of several other research reports. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a “buy” rating in a report on Wednesday, March 4th. National Bank Financial upped their target price on shares of CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Scotiabank upped their target price on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce upped their target price on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Finally, TD dropped their target price on shares of CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$51.00.

CAE Price Performance

CAE stock traded down C$0.04 during mid-day trading on Monday, hitting C$35.11. The stock had a trading volume of 401,171 shares, compared to its average volume of 916,430. The firm has a market capitalization of C$11.30 billion, a P/E ratio of 29.75, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. The firm’s 50 day moving average is C$37.62 and its 200 day moving average is C$39.81. CAE has a one year low of C$33.59 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

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.