CAE (TSE:CAE) Hits New 1-Year High – Here’s Why

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high on Thursday . The stock traded as high as C$46.09 and last traded at C$46.03, with a volume of 718878 shares changing hands. The stock had previously closed at C$45.63.

Wall Street Analysts Forecast Growth

Several research firms have commented on CAE. Royal Bank Of Canada upped their price objective on CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday. TD Securities increased their price target on shares of CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday. Desjardins raised their price target 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. Finally, Scotiabank lifted their price objective on shares of CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus target price of C$46.05.

CAE Stock Up 0.9%

The stock has a market cap of C$14.80 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.76 and a beta of 0.93. The business’s 50 day moving average is C$40.11 and its 200-day moving average is C$39.34. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. The company had revenue of C$1.24 billion during 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.