National Bankshares Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price objective increased by National Bankshares from C$30.00 to C$34.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 10.00% from the company’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. 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. Scotiabank raised their price target on shares of CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. BMO Capital Markets dropped their price objective on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Finally, Desjardins cut their price objective on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$32.35.

CAE Stock Performance

Shares of CAE stock opened at C$30.91 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.08. The firm has a market capitalization of C$9.85 billion, a P/E ratio of -28.48, a PEG ratio of 1.76 and a beta of 1.91. The company has a 50 day moving average price of C$25.22 and a 200 day moving average price of C$25.42.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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.

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.