CAE (TSE:CAE) Given New C$32.50 Price Target at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by Scotiabank from C$30.00 to C$32.50 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on CAE. National Bankshares lifted their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday. Canaccord Genuity Group dropped their target price on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. BMO Capital Markets reduced their price target on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, TD Securities increased their price objective on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Trading Down 2.2 %

Shares of CAE traded down C$0.69 during trading hours on Thursday, reaching C$30.22. 497,886 shares of the company traded hands, compared to its average volume of 628,590. The stock’s fifty day moving average price is C$25.22 and its 200 day moving average price is C$25.42. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The firm has a market cap of C$9.63 billion, a price-to-earnings ratio of -28.89, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08.

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

CAE Company Profile

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.