CAE (TSE:CAE) Price Target Cut to C$43.00 by Analysts at TD

CAE (TSE:CAE) (NYSE:CAE) had its price objective decreased by investment analysts at TD from C$49.00 to C$43.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 29.48% from the company’s previous close.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Desjardins lowered their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. TD Securities lowered their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Royal Bank Of Canada lowered their price objective on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Finally, Stifel Nicolaus set a C$50.00 price objective on CAE and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, CAE currently has an average rating of “Buy” and a consensus price target of C$49.18.

CAE Stock Performance

TSE CAE traded up C$1.20 during trading on Monday, hitting C$33.21. The company’s stock had a trading volume of 747,611 shares, compared to its average volume of 939,183. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The firm has a 50 day moving average price of C$36.39 and a 200 day moving average price of C$39.47. The firm has a market cap of C$10.68 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

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. The company had revenue of C$1.33 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

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.