CAE (TSE:CAE) Price Target Lowered to C$53.00 at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its price target decreased by TD Securities from C$54.00 to C$53.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Desjardins raised their price target on CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, December 12th. Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a report on Wednesday, March 4th. Scotiabank increased their target price on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their target price on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, January 12th. Finally, Canaccord Genuity Group upgraded shares of CAE from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$38.00 to C$49.00 in a research report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$49.60.

CAE Stock Down 3.7%

Shares of CAE stock opened at C$36.12 on Tuesday. The company’s fifty day simple moving average is C$41.65 and its two-hundred day simple moving average is C$40.24. CAE has a 52 week low of C$28.98 and a 52 week high of C$47.65. The stock has a market cap of C$11.62 billion, a P/E ratio of 30.61, a PEG ratio of 1.76 and a beta of 0.56. 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 (TSE:CAE) (NYSE:CAE) last issued 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%.

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.