TD Cuts CAE (TSE:CAE) Price Target to C$49.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective trimmed by TD from C$53.00 to C$49.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on CAE. Royal Bank Of Canada cut their target price on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. National Bank Financial increased their target price on 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 target price on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. TD Securities cut their target price on 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, Canadian Imperial Bank of Commerce increased their target price on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average target price of C$51.10.

CAE Stock Performance

Shares of CAE opened at C$34.58 on Wednesday. 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 business has a 50-day simple moving average of C$38.11 and a two-hundred day simple moving average of C$39.90. The stock has a market cap of C$11.13 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.76 and a beta of 0.71. CAE has a 52 week low of C$33.34 and a 52 week high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.