CAE (TSE:CAE) Price Target Raised to C$54.00 at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by research analysts at TD Securities from C$53.00 to C$54.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 30.81% from the stock’s current price.

A number of other research firms have also commented on CAE. Scotiabank upped their price target on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada upped their target price on CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce raised their price objective on shares of CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Finally, Desjardins boosted their target price 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. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$48.15.

CAE Stock Performance

CAE stock traded up C$0.08 during midday trading on Tuesday, hitting C$41.28. The company’s stock had a trading volume of 621,247 shares, compared to its average volume of 787,814. The company has a 50-day moving average price of C$43.23 and a two-hundred day moving average price of C$40.02. CAE has a 1-year low of C$28.98 and a 1-year high of C$47.65. The company has a market cap of C$13.28 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.76 and a beta of 0.79. 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 quarterly earnings data on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

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.