CAE (TSE:CAE) Stock Price Expected to Rise, National Bank Financial Analyst Says
by Jessica Moore · The Cerbat GemCAE (TSE:CAE – Get Free Report) (NYSE:CAE) had its price target upped by research analysts at National Bank Financial from C$52.00 to C$53.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 42.97% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada cut their price objective on shares of CAE from C$46.00 to C$42.00 in a research report on Monday. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a “buy” rating in a report on Wednesday, March 4th. Canadian Imperial Bank of Commerce upped their target price on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. TD Securities dropped their target price on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Finally, Scotiabank increased their price objective on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$51.22.
Get Our Latest Stock Report on CAE
CAE Stock Performance
CAE traded down C$0.03 during mid-day trading on Friday, reaching C$37.07. 526,760 shares of the company traded hands, compared to its average volume of 911,069. The stock has a market capitalization of C$11.93 billion, a P/E ratio of 31.42, a P/E/G 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. The company’s fifty day moving average price is C$39.01 and its 200-day moving average price is C$40.12. CAE has a 52-week low of C$31.77 and a 52-week high of C$47.65.
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last announced its earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.
About CAE
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.