TD Securities Increases CAE (TSE:CAE) Price Target to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its target price boosted by TD Securities from C$33.00 to C$34.00 in a report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms also recently commented on CAE. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Scotiabank increased their target price on shares of CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Desjardins lowered their price target 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. BMO Capital Markets reduced their price objective on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Finally, National Bankshares boosted their target price on CAE from C$30.00 to C$34.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$32.35.

CAE Price Performance

CAE traded down C$0.69 during trading on Thursday, reaching C$30.22. The stock had a trading volume of 497,886 shares, compared to its average volume of 628,590. The business has a 50-day moving average of C$25.22 and a 200-day moving average of C$25.42. CAE has a one year low of C$22.28 and a one year high of C$31.08. 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 stock has a market cap of C$9.63 billion, a PE ratio of -28.89, a PEG ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.01. The firm had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%.

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.