CAE Inc. (TSE:CAE) Receives C$41.82 Average Target Price from Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$43.45.

Several brokerages have recently issued reports on CAE. National Bankshares lifted their price objective on CAE from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. BMO Capital Markets raised their price objective on shares of CAE from C$40.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Scotiabank boosted their target price on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday. Finally, TD Securities raised their price target on CAE from C$44.00 to C$46.00 in a research note on Thursday.

CAE Price Performance

CAE stock opened at C$37.06 on Thursday. CAE has a 52-week low of C$28.98 and a 52-week high of C$41.38. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The stock has a market cap of C$11.89 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. The business has a fifty day moving average of C$38.73 and a two-hundred day moving average of C$37.95.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$1.24 billion 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.