CAE (TSE:CAE) Given New C$30.00 Price Target at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by analysts at Scotiabank from C$29.00 to C$30.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 19.86% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group cut their price target on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. BMO Capital Markets cut their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Desjardins cut their price target on 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. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, National Bankshares dropped their price objective on CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. One investment 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, CAE presently has an average rating of “Hold” and a consensus target price of C$30.60.

CAE Stock Performance

TSE:CAE traded up C$0.53 during trading on Friday, reaching C$25.03. The company’s stock had a trading volume of 294,958 shares, compared to its average volume of 600,822. The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of -23.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a 50 day moving average of C$24.77 and a 200-day moving average of C$25.40. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.90.

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

About CAE

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.