CAE (TSE:CAE) Given New C$47.00 Price Target at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its price target lowered by analysts at BMO Capital Markets from C$50.00 to C$47.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 41.52% from the stock’s current price.

A number of other research analysts also recently issued reports on CAE. Scotia reduced their price target on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday. TD Securities dropped their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Desjardins dropped their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. TD dropped their price objective on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday. Finally, National Bank Financial dropped their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$49.18.

CAE Stock Performance

Shares of CAE stock traded up C$1.20 during trading hours on Monday, reaching C$33.21. The company’s stock had a trading volume of 747,611 shares, compared to its average volume of 939,183. The company’s 50 day simple moving average is C$36.39 and its 200 day simple moving average is C$39.47. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. CAE has a one year low of C$31.42 and a one year high of C$47.65. The stock has a market cap of C$10.68 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The company had revenue of C$1.33 billion for 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.