CAE (TSE:CAE) Price Target Raised to C$34.00 at National Bankshares

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by National Bankshares from C$30.00 to C$34.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other research analysts have also issued reports on CAE. Scotiabank lifted their target price on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Canaccord Genuity Group reduced their target price on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. BMO Capital Markets reduced their price objective on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Finally, Desjardins lowered their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CAE presently has a consensus rating of “Hold” and an average target price of C$32.35.

CAE Stock Down 0.8 %

Shares of CAE opened at C$30.67 on Wednesday. The company’s 50-day simple moving average is C$25.35 and its 200-day simple moving average is C$25.46. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. CAE has a 1 year low of C$22.28 and a 1 year high of C$31.08. The stock has a market capitalization of C$9.78 billion, a PE ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91.

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

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.