Scotiabank Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by research analysts at Scotiabank from C$49.00 to C$57.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 23.91% from the stock’s previous close.

A number of other research firms also recently commented on CAE. Royal Bank Of Canada raised their target price on CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, January 12th. Desjardins boosted their price objective on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. TD Securities upped their target price on shares of CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, CIBC increased their target price on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and an average target price of C$48.05.

CAE Stock Down 0.4%

CAE stock opened at C$46.00 on Wednesday. The stock has a market capitalization of C$14.79 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93. The company has a fifty day moving average of C$41.11 and a 200-day moving average of C$39.60. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a one year low of C$28.98 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data 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 for 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. 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.