CAE (TSE:CAE) Given New C$53.00 Price Target at Desjardins

CAE (TSE:CAE) (NYSE:CAE) had its price target raised by equities researchers at Desjardins from C$49.00 to C$53.00 in a note issued to investors on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s price target would suggest a potential upside of 32.90% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Bank of America reduced their price target on shares of CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Barclays set a C$54.00 price objective on shares of CAE and gave the stock an “overweight” rating in a research report on Friday, October 9th. National Bank Financial boosted their target price on shares of CAE from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday. RBC Dominion Securities increased their target price on CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Finally, TD increased their target price on CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a report on Friday, August 14th. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$47.13.

CAE Trading Down 0.8%

CAE traded down C$0.31 during trading on Friday, reaching C$39.88. The company had a trading volume of 411,706 shares, compared to its average volume of 931,341. The firm’s 50-day simple moving average is C$34.95 and its 200 day simple moving average is C$36.58. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. The company has a market cap of C$12.84 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.76 and a beta of 0.46. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65.

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

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.