CAE (TSE:CAE) Price Target Raised to C$32.50 at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by analysts at Scotiabank from C$30.00 to C$32.50 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 5.97% from the company’s previous close.

Several other brokerages have also commented on CAE. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. National Bankshares lifted their price target on CAE from C$30.00 to C$34.00 in a research note on Wednesday. BMO Capital Markets decreased their price objective on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Canaccord Genuity Group dropped their price target on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Finally, Desjardins decreased their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Price Performance

CAE stock opened at C$30.67 on Thursday. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08. The company has a market cap of C$9.78 billion, a price-to-earnings ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91. 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 50 day moving average of C$25.35 and a 200-day moving average of C$25.46.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results 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. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion.

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.