Stifel Nicolaus Lowers CAE (TSE:CAE) Price Target to C$47.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective reduced by stock analysts at Stifel Nicolaus from C$50.00 to C$47.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 42.47% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday. Desjardins decreased their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Canaccord Genuity Group increased their price objective on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotia decreased their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research report on Friday. Finally, National Bank Financial decreased their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$48.91.

CAE Trading Down 1.4%

Shares of CAE traded down C$0.46 during trading hours on Tuesday, hitting C$32.99. 1,074,488 shares of the stock were exchanged, compared to its average volume of 943,466. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The business has a 50-day moving average of C$36.32 and a 200-day moving average of C$39.43. The firm has a market capitalization of C$10.61 billion, a P/E ratio of 27.96, 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 data on Thursday, May 21st. The company reported C$0.42 earnings per share 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 during 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.