CAE (TSE:CAE) Hits New 52-Week High – Still a Buy?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) hit a new 52-week high during trading on Thursday . The stock traded as high as C$46.09 and last traded at C$46.03, with a volume of 718878 shares. The stock had previously closed at C$45.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CAE shares. Scotiabank increased their price objective on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Royal Bank Of Canada upped 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. Desjardins increased their price target 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. Finally, TD Securities lifted their price objective on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$46.05.

CAE Stock Up 3.0%

The stock has a market capitalization of C$15.24 billion, a P/E ratio of 34.85, a P/E/G ratio of 1.76 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm’s fifty day moving average is C$40.45 and its 200-day moving average is C$39.44.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$1.24 billion during the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

CAE Company Profile

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.