National Bank Financial Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by National Bank Financial from C$52.00 to C$53.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 43.94% from the stock’s previous close.

Other research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce lifted their price objective on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Canaccord Genuity Group raised CAE from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$38.00 to C$49.00 in a research report on Friday, March 13th. TD Securities lowered their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, Scotiabank lifted their price objective on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.22.

CAE Stock Performance

CAE stock opened at C$36.82 on Friday. The stock has a 50-day moving average price of C$38.89 and a 200-day moving average price of C$40.08. CAE has a 1-year low of C$31.77 and a 1-year 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 firm has a market cap of C$11.85 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted 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.