Scotiabank Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by Scotiabank from C$49.00 to C$57.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. CIBC upped their price target on CAE from C$47.00 to C$56.00 in a research report on Wednesday. Desjardins lifted their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. TD Securities upped their target price on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Royal Bank Of Canada raised their price target on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, CAE currently has an average rating of “Moderate Buy” and a consensus price target of C$48.05.

CAE Price Performance

CAE stock opened at C$46.18 on Wednesday. The company has a market capitalization of C$14.85 billion, a P/E ratio of 33.96, a PEG ratio of 1.76 and a beta of 0.93. The company has a fifty day moving average price of C$40.93 and a 200-day moving average price of C$39.56. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a 52-week low of C$28.98 and a 52-week high of C$47.65.

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. The company had revenue of C$1.24 billion for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

CAE Company Profile

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.