CAE Inc. (TSE:CAE) Stock Has Consensus Target Price of C$47.23 According to Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$47.71.

Several equities research analysts recently issued reports on the company. Desjardins upped their price target on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 17th. Bank of America lowered their price target on CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Finally, TD lifted their price objective on shares of CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, August 14th.

CAE Stock Performance

Shares of CAE opened at C$33.86 on Friday. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a 50 day moving average price of C$34.73 and a two-hundred day moving average price of C$35.45. The firm has a market capitalization of C$10.90 billion, a P/E ratio of 38.04, a P/E/G ratio of 1.76 and a beta of 0.57. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%. The firm had revenue of C$1.17 billion during the quarter.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.