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

CAE (TSE:CAE) (NYSE:CAE) had its price target raised by analysts at TD Securities from C$53.00 to C$54.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 31.10% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their target price on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Scotiabank lifted their price objective on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada boosted 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, January 12th. Finally, Desjardins increased their target price on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$48.15.

CAE Price Performance

TSE:CAE opened at C$41.19 on Tuesday. 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 company has a 50-day moving average of C$43.33 and a 200-day moving average of C$40.05. CAE has a 52 week low of C$28.98 and a 52 week high of C$47.65. The company has a market capitalization of C$13.26 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.76 and a beta of 0.79.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share (EPS) for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

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.