CAE (TSE:CAE) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by equities researchers at Canadian Imperial Bank of Commerce from C$47.00 to C$50.00 in a research note issued on Friday, BayStreet reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce‘s target price would suggest a potential upside of 25.38% from the company’s previous close.

Several other research firms have also weighed in on CAE. National Bank Financial lifted their price objective on shares of CAE from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. TD upped their target price on shares of CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Barclays set a C$54.00 target price on shares of CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. Bank of America reduced their price target on shares of CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Finally, Desjardins boosted their price target on shares of CAE from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.13.

CAE Trading Down 0.8%

TSE:CAE traded down C$0.31 during mid-day trading on Friday, hitting C$39.88. The company had a trading volume of 411,706 shares, compared to its average volume of 931,341. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The firm has a market cap of C$12.84 billion, a P/E ratio of 44.81, a P/E/G ratio of 1.76 and a beta of 0.46. The business’s fifty day moving average is C$34.95 and its two-hundred day moving average is C$36.58.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Wednesday, November 11th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion during the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

About CAE

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.