CAE (TSE:CAE) Price Target Raised to C$39.00 at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its price target boosted by BMO Capital Markets from C$38.00 to C$39.00 in a report released on Friday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on CAE. Scotiabank raised their price objective on CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$34.00 to C$35.00 in a research note on Monday, January 6th. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bank Financial cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group upped their price target on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$36.19.

CAE Price Performance

CAE stock opened at C$37.99 on Friday. The firm has a 50 day simple moving average of C$34.42 and a two-hundred day simple moving average of C$28.93. The stock has a market cap of C$12.15 billion, a PE ratio of -36.43, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a one year low of C$22.28 and a one year high of C$39.17. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.06. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. During the same period last year, the firm earned $0.27 earnings per share.

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.