CAE (TSE:CAE) Price Target Cut to C$49.00 by Analysts at National Bank Financial

CAE (TSE:CAE) (NYSE:CAE) had its price target lowered by analysts at National Bank Financial from C$53.00 to C$49.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 47.55% from the company’s current price.

CAE has been the subject of several other reports. Desjardins decreased their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Securities decreased their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. TD cut their price target on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank Of Canada cut their price target on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$49.18.

CAE Trading Up 3.7%

CAE stock traded up C$1.20 during trading on Monday, hitting C$33.21. The company had a trading volume of 747,611 shares, compared to its average volume of 939,183. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The company’s 50 day simple moving average is C$36.39 and its 200-day simple moving average is C$39.47. The stock has a market cap of C$10.68 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The company had revenue of C$1.33 billion during the quarter.

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.