CAE (TSE:CAE) Given New C$57.00 Price Target at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by equities researchers at Scotiabank from C$49.00 to C$57.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 24.56% from the company’s current price.

CAE has been the subject of several other research reports. Royal Bank Of Canada raised their price objective on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Monday, January 12th. TD Securities upped their price objective on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, January 12th. CIBC lifted their target price on CAE from C$47.00 to C$56.00 in a research report on Wednesday. Finally, 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 research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$48.05.

CAE Trading Up 1.4%

Shares of TSE CAE traded up C$0.61 during trading hours on Wednesday, hitting C$45.76. 519,349 shares of the company traded hands, compared to its average volume of 663,298. The company’s 50 day moving average price is C$40.77 and its 200 day moving average price is C$39.51. CAE has a 12 month low of C$28.98 and a 12 month high of C$47.65. The stock has a market capitalization of C$14.71 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth 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.

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

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.