CAE Inc. (TSE:CAE) Receives C$51.00 Average Price Target from Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$51.00.

A number of equities analysts have weighed in on the company. TD lowered their price target on CAE from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Royal Bank Of Canada reduced their price objective on CAE from C$46.00 to C$42.00 in a report on Monday, April 13th. Scotiabank boosted their price objective on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price objective on CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Finally, Desjardins reduced their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th.

CAE Price Performance

Shares of TSE CAE opened at C$35.93 on Thursday. The business’s 50 day moving average price is C$37.05 and its two-hundred day moving average price is C$39.67. The company has a market cap of C$11.56 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. CAE has a twelve month low of C$33.59 and a twelve month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

CAE Company Profile

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.