Canaccord Genuity Group Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by research analysts at Canaccord Genuity Group from C$49.00 to C$50.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 44.59% from the company’s previous close.

Several other research firms have also weighed in on CAE. Royal Bank Of Canada dropped their price target on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Scotiabank raised their target price on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. TD Securities lowered their target price on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. TD dropped their price target on CAE from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, National Bank Financial boosted their price target on CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average target price of C$51.10.

CAE Trading Down 0.5%

TSE CAE opened at C$34.58 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. CAE has a twelve month low of C$33.34 and a twelve month high of C$47.65. The firm has a market capitalization of C$11.13 billion, a PE ratio of 29.31, a P/E/G ratio of 1.76 and a beta of 0.71. The stock’s 50 day moving average is C$38.11 and its 200 day moving average is C$39.90.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results 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%.

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.