CAE (TSE:CAE) Stock Price Expected to Rise, CIBC Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by equities research analysts at CIBC from C$47.00 to C$56.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 21.74% from the company’s previous close.

A number of other research analysts have also recently commented on CAE. TD Securities upped their target price on shares of CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Desjardins boosted their price target on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada upped their price objective on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, January 12th. Finally, Scotiabank lifted 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 given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.05.

CAE Trading Down 0.4%

Shares of CAE stock opened at C$46.00 on Wednesday. The firm has a market capitalization of C$14.79 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.76 and a beta of 0.93. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$47.65. 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 50 day moving average of C$41.11 and a 200 day moving average of C$39.60.

CAE (TSE:CAE) (NYSE:CAE) last posted 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.