CAE (TSE:CAE) Price Target Cut to C$43.00 by Analysts at TD

CAE (TSE:CAE) (NYSE:CAE) had its target price reduced by research analysts at TD from C$49.00 to C$43.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 29.48% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Desjardins decreased their price objective on 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. National Bank Financial raised their price objective on CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. TD Securities cut their price target on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Finally, Scotia cut their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CAE currently has an average rating of “Buy” and an average target price of C$49.18.

CAE Stock Up 3.7%

TSE CAE traded up C$1.20 during trading on Monday, reaching C$33.21. 747,611 shares of the company’s stock were exchanged, compared to its average volume of 939,183. 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 capitalization of C$10.68 billion, a PE ratio of 28.14, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The company’s fifty day simple moving average is C$36.39 and its 200-day simple moving average is C$39.47.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The firm 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.