TD Securities Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by TD Securities from C$46.00 to C$53.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 16.23% from the company’s current price.

Several other equities analysts also recently weighed in on CAE. Desjardins lifted their price target on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada lifted their target price on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Scotiabank upped their target price on shares of CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.05.

CAE Stock Down 0.8%

CAE stock opened at C$45.60 on Monday. CAE has a one year low of C$28.98 and a one year high of C$46.20. The stock has a fifty day moving average of C$39.98 and a 200 day moving average of C$39.29. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The stock has a market cap of C$14.66 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93.

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

CAE Company Profile

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.