Stifel Nicolaus Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price increased by analysts at Stifel Nicolaus from C$47.00 to C$48.00 in a report released on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 20.36% from the company’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. National Bank Financial upped their target price on CAE from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday. Barclays set a C$54.00 price objective on shares of CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. Scotia upped their price target on shares of CAE from C$48.00 to C$49.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, October 27th. Finally, Scotiabank cut their target price on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus price target of C$47.13.

CAE Price Performance

Shares of CAE traded down C$0.31 during trading hours on Friday, reaching C$39.88. 411,706 shares of the company traded hands, compared to its average volume of 931,341. The stock has a market capitalization of C$12.84 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.46. The stock has a fifty day simple moving average of C$34.95 and a 200 day simple moving average of C$36.58. 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 quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43.

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

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.