CAE (TSE:CAE) Price Target Raised to C$30.00 at Scotiabank

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective increased by equities researchers at Scotiabank from C$29.00 to C$30.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 19.81% from the company's current price.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group dropped their price objective on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Royal Bank of Canada upgraded shares of CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th. National Bankshares dropped their price target on shares of CAE from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research note on Tuesday, July 30th. Desjardins decreased their target price on CAE from C$29.00 to C$28.00 and set a "hold" rating for the company in a research report on Wednesday, July 17th. Finally, BMO Capital Markets reduced their target price on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$30.60.

CAE Stock Performance

Shares of TSE:CAE traded up C$0.54 during trading hours on Friday, hitting C$25.04. The stock had a trading volume of 693,283 shares, compared to its average volume of 602,714. The stock's fifty day simple moving average is C$24.77 and its 200 day simple moving average is C$25.40. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a market capitalization of C$7.98 billion, a price-to-earnings ratio of -23.39, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 1-year low of C$22.28 and a 1-year high of C$31.90.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.01. The firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.