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

CAE (TSE:CAE) (NYSE:CAE) had its price target hoisted by analysts at TD Securities from C$46.00 to C$53.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 15.87% from the stock’s previous close.

A number of other equities research analysts have also issued reports on CAE. Scotiabank increased their target price on CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Desjardins increased their price objective on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada boosted their target price on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday. Two equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$46.05.

CAE Trading Down 0.5%

TSE CAE traded down C$0.23 during mid-day trading on Monday, hitting C$45.74. The company’s stock had a trading volume of 205,116 shares, compared to its average volume of 582,114. The firm has a market capitalization of C$14.71 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93. 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 has a 52-week low of C$28.98 and a 52-week high of C$46.20. The stock’s fifty day simple moving average is C$39.69 and its two-hundred day simple moving average is C$39.18.

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

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.