Stifel Nicolaus Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price target raised by stock analysts at Stifel Nicolaus from C$47.00 to C$48.00 in a research note issued to investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective points to a potential upside of 20.36% from the company’s current price.

Other research analysts also recently issued reports about the stock. Bank of America reduced their price objective on shares of CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. RBC Dominion Securities boosted their price objective on CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Desjardins boosted their price objective on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 14th. TD upped their price objective on CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Scotia increased their target price 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. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$47.13.

CAE Stock Down 0.8%

CAE stock traded down C$0.31 during trading on Friday, reaching C$39.88. The stock had a trading volume of 411,706 shares, compared to its average volume of 931,341. 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 has a 1-year low of C$31.42 and a 1-year high of C$47.65. The firm has a fifty day moving average price of C$34.95 and a 200 day moving average price of C$36.58. The company has a market capitalization of C$12.84 billion, a P/E ratio of 44.81, a PEG ratio of 1.76 and a beta of 0.46.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$0.33 earnings per share for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%. The firm had revenue of C$1.20 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.