Canaccord Genuity Group Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by Canaccord Genuity Group from C$28.00 to C$30.00 in a research note issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential downside of 1.54% from the stock’s previous close.

A number of other equities research analysts also recently commented on CAE. CIBC boosted their target price on CAE from C$30.00 to C$33.00 in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday. BMO Capital Markets decreased their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Scotiabank lifted their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday. Finally, Desjardins cut their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

Shares of TSE:CAE traded up C$0.29 during mid-day trading on Thursday, reaching C$30.47. 1,012,136 shares of the company traded hands, compared to its average volume of 624,623. The company’s 50 day moving average price is C$25.22 and its 200-day moving average price is C$25.42. The firm has a market cap of C$9.71 billion, a PE ratio of -28.48, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 52 week low of C$22.28 and a 52 week high of C$30.84. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.01. The business had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.05 billion. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.