CAE (TSE:CAE) Given a C$54.00 Price Target by Barclays Analysts

CAE (TSE:CAE – Get Free Report) (NYSE:CAE) received a C$54.00 target price from investment analysts at Barclays in a report released on Friday, BayStreet reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 59.76% from the stock’s previous close.

Several other equities analysts have also weighed in on CAE. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Bank of America dropped their price target on shares of CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. TD raised their price target on shares of CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a report on Friday, August 14th. Desjardins lifted their price objective on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$47.71.

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CAE Stock Up 2.6%

Shares of TSE:CAE traded up C$0.87 during midday trading on Friday, hitting C$33.80. 229,427 shares of the stock were exchanged, compared to its average volume of 945,548. The company has a market capitalization of C$10.88 billion, a PE ratio of 37.98, a P/E/G ratio of 1.76 and a beta of 0.57. CAE has a 52-week low of C$31.42 and a 52-week high of C$47.65. 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 business’s fifty day simple moving average is C$34.78 and its two-hundred day simple moving average is C$35.46.

CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last issued its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.The company had revenue of C$1.17 billion for the quarter.

About CAE

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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.

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