CAE (TSE:CAE) Given New C$56.00 Price Target at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its target price boosted by CIBC from C$47.00 to C$56.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Desjardins lifted their price target on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Scotiabank raised their target price on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. Royal Bank Of Canada boosted their target price on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. Finally, TD Securities upped their price target on shares of CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and an average target price of C$48.05.

CAE Price Performance

Shares of TSE:CAE opened at C$46.18 on Wednesday. The stock has a market capitalization of C$14.85 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.76 and a beta of 0.93. The business has a 50-day moving average of C$40.93 and a two-hundred day moving average of C$39.56. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$47.65. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.The business had revenue of C$1.24 billion for the quarter.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.