Canaccord Genuity Group Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by research analysts at Canaccord Genuity Group from C$48.00 to C$51.00 in a research note issued to investors on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would indicate a potential upside of 27.88% from the stock’s previous close.

Several other research firms have also recently commented on CAE. Scotia upped their price target on CAE from C$48.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Tuesday, October 27th. Royal Bank Of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Barclays set a C$54.00 price objective on CAE and gave the stock an “overweight” rating in a report on Friday, October 9th. RBC Dominion Securities boosted their price objective on CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, Scotiabank cut their target price on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 15th. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$47.13.

CAE Stock Performance

Shares of TSE:CAE traded down C$0.31 on Friday, hitting C$39.88. 411,706 shares of the company were exchanged, compared to its average volume of 931,341. The company’s 50 day moving average price is C$34.95 and its two-hundred day moving average price is C$36.58. The firm has a market capitalization of C$12.84 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.76 and a beta of 0.46. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. CAE has a one year low of C$31.42 and a one year high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Wednesday, November 11th. The company reported C$0.33 earnings per share for the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%. The business had revenue of C$1.20 billion during the quarter.

About CAE

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.