Scotiabank Issues Pessimistic Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price dropped by analysts at Scotiabank from C$50.00 to C$48.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 42.35% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Bank of America cut their target price on CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. Desjardins raised their target price on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Barclays set a C$54.00 price target on CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. Finally, TD boosted their price target on CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CAE has an average rating of “Moderate Buy” and an average target price of C$47.07.

CAE Price Performance

Shares of CAE stock traded up C$0.62 on Thursday, reaching C$33.72. 202,384 shares of the stock were exchanged, compared to its average volume of 942,808. 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 firm has a market cap of C$10.85 billion, a PE ratio of 37.89, a P/E/G ratio of 1.76 and a beta of 0.57. The firm’s 50 day moving average is C$34.51 and its 200-day moving average is C$35.37. CAE has a one year low of C$31.42 and a one year high of C$47.65.

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

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.