TD Securities Raises CAE (TSE:CAE) Price Target to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its price target boosted by equities research analysts at TD Securities from C$33.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 11.59% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Desjardins decreased their price target on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets decreased their price target on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Scotiabank boosted their price objective on CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$32.35.

CAE Price Performance

Shares of TSE CAE traded up C$0.29 during mid-day trading on Thursday, reaching C$30.47. 1,012,136 shares of the company traded hands, compared to its average volume of 624,623. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$30.84. The firm has a market cap of C$9.71 billion, a PE ratio of -28.52, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The stock has a fifty day simple moving average of C$25.22 and a 200-day simple moving average of C$25.42. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The business had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.05 billion.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.