TD Securities Has Lowered Expectations for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price objective lowered by equities researchers at TD Securities from C$54.00 to C$53.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 43.24% from the stock’s previous close.

Several other brokerages also recently issued reports on CAE. Canadian Imperial Bank of Commerce increased their price objective on CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Desjardins raised their price target 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. Scotiabank increased their target price on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Canaccord Genuity Group raised shares of CAE from a “hold” rating to a “buy” rating and lifted their target price for the company from C$38.00 to C$49.00 in a research note on Friday, March 13th. Finally, Stifel Nicolaus set a C$50.00 price target on shares of CAE and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$49.60.

CAE Stock Performance

Shares of CAE opened at C$37.00 on Tuesday. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a fifty day moving average of C$41.48 and a 200-day moving average of C$40.22. The company has a market cap of C$11.91 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.56. CAE has a 1 year low of C$28.98 and a 1 year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.