CAE (TSE:CAE) Price Target Raised to C$49.00 at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by Scotiabank from C$46.50 to C$49.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently commented on CAE. National Bankshares raised their price objective on CAE from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. BMO Capital Markets upped their target price on CAE from C$40.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, TD Securities lifted their price target on shares of CAE from C$44.00 to C$46.00 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$43.45.

CAE Trading Down 3.9%

CAE opened at C$36.92 on Thursday. The company has a fifty day moving average price of C$38.73 and a two-hundred day moving average price of C$37.90. CAE has a 1-year low of C$28.98 and a 1-year high of C$41.38. The company has a market cap of C$11.84 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The company had revenue of C$1.24 billion during the quarter.

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.