CAE Inc. (TSE:CAE) Stock Has Consensus Target Price of C$46.93 According to Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$46.93.

A number of equities research analysts recently commented on the company. Scotiabank lowered their price target on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 15th. RBC Dominion Securities lifted their price objective on shares of CAE from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Scotia upped their target price on shares of CAE from C$48.00 to C$49.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, October 27th. Bank of America lowered their target price on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Finally, Desjardins raised their price target on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 14th.

CAE Stock Performance

Shares of CAE stock opened at C$38.02 on Thursday. The company has a market cap of C$12.24 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. The business has a 50 day moving average price of C$34.34 and a 200-day moving average price of C$36.79. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.