Barclays Reiterates C$54.00 Price Target for CAE (TSE:CAE)

Barclays set a C$54.00 price target on CAE (TSE:CAE) (NYSE:CAE) in a report issued on Friday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

CAE has been the subject of a number of other reports. Desjardins upped their price target on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, August 14th. TD increased their price objective on CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Bank of America dropped their target price on shares of CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Finally, Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating and cut their target price for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Eleven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$47.71.

CAE Stock Up 2.8%

CAE stock opened at C$33.86 on Friday. The stock has a market capitalization of C$10.90 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a 50-day moving average of C$34.73 and a two-hundred day moving average of C$35.44. CAE has a 52-week low of C$31.42 and a 52-week high of C$47.65. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%. The business had revenue of C$1.17 billion during the quarter.

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.