CAE (TSE:CAE) Hits New 1-Year High – Here’s Why

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$46.09 and last traded at C$46.03, with a volume of 718878 shares changing hands. The stock had previously closed at C$45.63.

Analyst Ratings Changes

CAE has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their price target on CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Monday. TD Securities raised their price objective on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a report on Monday. Scotiabank lifted their target price on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Finally, Desjardins upped their target price on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.05.

CAE Stock Performance

The stock has a market cap of C$14.80 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.76 and a beta of 0.93. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a fifty day moving average of C$40.11 and a 200 day moving average of C$39.34.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The company had revenue of C$1.24 billion for 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.