Scotia Cuts CAE (TSE:CAE) Price Target to C$50.00

CAE (TSE:CAE) (NYSE:CAE) had its target price cut by analysts at Scotia from C$56.00 to C$50.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 58.33% from the company’s current price.

CAE has been the subject of a number of other research reports. National Bank Financial raised their price target on shares of CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Stifel Nicolaus set a C$50.00 price target on shares of CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Desjardins decreased their price target on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Securities decreased their price target on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, Canaccord Genuity Group raised their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$50.91.

CAE Stock Down 14.8%

Shares of CAE stock traded down C$5.48 during mid-day trading on Friday, reaching C$31.58. 3,532,476 shares of the company were exchanged, compared to its average volume of 922,625. 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 debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market capitalization of C$10.16 billion, a P/E ratio of 26.76, a P/E/G ratio of 1.76 and a beta of 0.71. The business’s 50 day simple moving average is C$36.52 and its 200 day simple moving average is C$39.52.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%. The business had revenue of C$1.33 billion during the quarter.

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.