CAE Inc. (TSE:CAE) Stock Has Consensus Price Target of C$46.93 According to Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$46.93.

Several brokerages recently weighed in on CAE. RBC Dominion Securities boosted their target price on CAE from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank decreased their price target 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. Royal Bank Of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Scotia raised their price target on CAE from C$48.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Tuesday, October 27th. Finally, Barclays set a C$54.00 price target on CAE and gave the stock an “overweight” rating in a research note on Friday, October 9th.

CAE Price Performance

Shares of CAE opened at C$36.02 on Thursday. The company has a market cap of C$11.59 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The company has a 50 day moving average of C$34.16 and a two-hundred day moving average of C$36.91.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. The business had revenue of C$1.17 billion for the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%.

CAE Company Profile

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.