CAE (TSE:CAE) Raised to Buy at Canaccord Genuity Group

CAE (TSE:CAE) (NYSE:CAE) was upgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a C$49.00 price target on the stock, up from their prior price target of C$38.00. Canaccord Genuity Group’s target price would suggest a potential upside of 30.32% from the company’s current price.

Several other research analysts also recently weighed in on CAE. Scotiabank increased their price target on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price objective on CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Desjardins upped their price objective on shares of CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, December 12th. Royal Bank Of Canada increased 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, Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus target price of C$49.70.

CAE Price Performance

CAE stock opened at C$37.60 on Friday. CAE has a 12 month low of C$28.98 and a 12 month high of C$47.65. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. The business’s 50 day simple moving average is C$42.75 and its 200 day simple moving average is C$40.21. The company has a market cap of C$12.10 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.76 and a beta of 0.56.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.