CAE (TSE:CAE) Price Target Raised to C$32.50 at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by equities researchers at Scotiabank from C$30.00 to C$32.50 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 6.66% from the company’s current price.

Other equities analysts have also issued reports about the stock. TD Securities raised their price objective on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets reduced their price objective on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Canaccord Genuity Group cut their price objective on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. National Bankshares raised their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday. Finally, Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, CAE presently has an average rating of “Hold” and an average target price of C$32.35.

CAE Stock Performance

Shares of TSE CAE traded up C$0.29 during midday trading on Thursday, hitting C$30.47. The company’s stock had a trading volume of 1,012,136 shares, compared to its average volume of 624,623. The firm has a market capitalization of C$9.71 billion, a price-to-earnings ratio of -28.48, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The stock has a fifty day moving average price of C$25.22 and a 200 day moving average price of C$25.42. CAE has a one year low of C$22.28 and a one year high of C$30.84.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. The business had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.05 billion. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.