CAE (TSE:CAE) Price Target Raised to C$30.00 at Canaccord Genuity Group

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by equities researchers at Canaccord Genuity Group from C$28.00 to C$30.00 in a research report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential downside of 1.54% from the company’s current price.

A number of other analysts also recently issued reports on CAE. TD Securities lifted their price target on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. CIBC raised their price objective on CAE from C$30.00 to C$33.00 in a report on Thursday. BMO Capital Markets reduced their price target on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Desjardins reduced their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Finally, Scotiabank boosted their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$32.35.

CAE Stock Performance

TSE CAE traded up C$0.29 on Thursday, hitting C$30.47. 1,012,136 shares of the stock traded hands, compared to its average volume of 624,623. 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 business’s fifty day moving average is C$25.22 and its two-hundred day moving average is C$25.42. CAE has a 12 month low of C$22.28 and a 12 month high of C$30.84. The firm has a market capitalization of C$9.71 billion, a price-to-earnings ratio of -28.48, a PEG ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. The business had revenue of C$1.07 billion during 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.