CAE (TSE:CAE) Given New C$47.00 Price Target at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its target price reduced by analysts at BMO Capital Markets from C$50.00 to C$47.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 41.52% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. National Bank Financial decreased their target price on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday. Canaccord Genuity Group upped their target price on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada decreased their target price on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research note on Monday. Desjardins decreased their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, TD Securities reduced their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CAE has an average rating of “Buy” and an average target price of C$49.18.

CAE Trading Up 3.7%

Shares of CAE stock traded up C$1.20 during trading hours on Monday, hitting C$33.21. The company’s stock had a trading volume of 747,611 shares, compared to its average volume of 939,183. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The business has a fifty day moving average of C$36.39 and a 200 day moving average of C$39.47. The company has a market capitalization of C$10.68 billion, a PE ratio of 28.14, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$1.33 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

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.