CAE (TSE:CAE) Stock Gets Price Target Reduction from National Bank Financial

CAE (TSE:CAE) (NYSE:CAE) had its price target decreased by National Bank Financial from C$49.00 to C$48.00 in a report published on Wednesday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other brokerages have also weighed in on CAE. Bank of America decreased their price objective on CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Scotiabank dropped their price objective on shares of CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. TD increased their target price on shares of CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Desjardins lifted their target price on shares of CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$47.00.

CAE Price Performance

CAE stock opened at C$35.00 on Wednesday. The business’s 50 day simple moving average is C$34.09 and its 200 day simple moving average is C$35.29. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The company has a market cap of C$11.26 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43.

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

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.