CAE (TSE:CAE) Stock Gets Price Target Reduction from National Bank Financial

CAE (TSE:CAE) (NYSE:CAE) had its price objective decreased by investment analysts at National Bank Financial from C$49.00 to C$48.00 in a research report issued on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 38.97% from the company’s previous close.

A number of other research firms have also weighed in on CAE. Barclays set a C$54.00 target price on shares of CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. Scotiabank cut their price target on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 15th. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating and cut their price target for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, TD increased their price objective on CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CAE has an average rating of “Moderate Buy” and a consensus price target of C$47.00.

CAE Stock Up 1.0%

Shares of CAE stock traded up C$0.34 during trading hours on Wednesday, reaching C$34.54. The company’s stock had a trading volume of 245,629 shares, compared to its average volume of 937,364. CAE has a one year low of C$31.42 and a one year high of C$47.65. The company has a market capitalization of C$11.12 billion, a P/E ratio of 38.81, a P/E/G ratio of 1.76 and a beta of 0.57. The stock’s fifty day simple moving average is C$34.23 and its two-hundred day simple moving average is C$35.32. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83.

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

CAE Company Profile

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.