CAE (TSE:CAE) Price Target Raised to C$51.00

CAE (TSE:CAE) (NYSE:CAE) had its price target boosted by Desjardins from C$46.00 to C$51.00 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. TD Securities increased their price objective on shares of CAE from C$44.00 to C$46.00 in a research report on Thursday, November 13th. Royal Bank Of Canada set a C$40.00 target price on shares of CAE and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Finally, Scotiabank lifted their price target on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$44.75.

CAE Stock Up 5.4%

Shares of CAE stock opened at C$41.06 on Friday. CAE has a twelve month low of C$28.98 and a twelve month high of C$41.38. The stock has a market cap of C$13.20 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The company has a fifty day moving average price of C$38.37 and a 200 day moving average price of C$38.30.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The company had revenue of C$1.24 billion during the quarter.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services.