TD Securities Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by TD Securities from C$44.00 to C$46.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 23.42% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Scotiabank lifted their target price on CAE from C$42.00 to C$46.50 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. BMO Capital Markets boosted their target price on CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, National Bankshares boosted 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. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and an average price target of C$42.23.

CAE Price Performance

Shares of CAE stock traded down C$1.14 on Thursday, reaching C$37.27. The company had a trading volume of 234,965 shares, compared to its average volume of 660,481. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. CAE has a one year low of C$28.98 and a one year high of C$41.38. The business’s 50-day moving average is C$38.73 and its 200 day moving average is C$37.91. The stock has a market capitalization of C$11.95 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11.

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.