CAE (TSE:CAE) Reaches New 52-Week High – Still a Buy?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) reached a new 52-week high on Monday . The stock traded as high as C$43.85 and last traded at C$43.61, with a volume of 225972 shares traded. The stock had previously closed at C$42.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CAE shares. Desjardins boosted their target price on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, December 12th. TD Securities lifted their price objective on shares of CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th. Royal Bank Of Canada set a C$40.00 price objective on shares of CAE and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Finally, Scotiabank raised their target price on shares of CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$44.75.

CAE Stock Up 3.4%

The firm’s 50-day moving average price is C$39.15 and its 200 day moving average price is C$38.88. The company has a market capitalization of C$14.11 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.76 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results 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 business had revenue of C$1.24 billion for the quarter.

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.