CAE (TSE:CAE) Price Target Raised to C$53.00

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by TD Securities from C$46.00 to C$53.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank raised their price target on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Desjardins increased their price objective on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada raised their target price on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$46.05.

CAE Trading Up 0.1%

Shares of CAE opened at C$45.63 on Monday. 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 has a 52-week low of C$28.98 and a 52-week high of C$46.20. The firm has a market cap of C$14.67 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.76 and a beta of 0.93. The business’s fifty day moving average is C$40.11 and its 200-day moving average is C$39.34.

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