TD Securities Issues Pessimistic Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price objective cut by TD Securities from C$54.00 to C$53.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 45.84% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Scotiabank lifted their price objective on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Desjardins upped their target price on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Canaccord Genuity Group raised shares of CAE from a “hold” rating to a “buy” rating and raised their price target for the company from C$38.00 to C$49.00 in a report on Friday, March 13th. Canadian Imperial Bank of Commerce lifted their price target on shares of CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted 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 report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average target price of C$49.60.

CAE Stock Down 3.1%

Shares of TSE CAE traded down C$1.17 on Tuesday, hitting C$36.34. The company had a trading volume of 346,631 shares, compared to its average volume of 925,043. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. CAE has a 12-month low of C$28.98 and a 12-month high of C$47.65. The firm has a market capitalization of C$11.69 billion, a P/E ratio of 30.80, a PEG ratio of 1.76 and a beta of 0.56. The business has a 50 day moving average of C$41.84 and a two-hundred day moving average of C$40.24.

CAE (TSE:CAE) (NYSE:CAE) last announced 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.