National Bankshares Boosts CAE (TSE:CAE) Price Target to C$34.00

CAE (TSE:CAE) (NYSE:CAE) had its price target boosted by stock analysts at National Bankshares from C$30.00 to C$34.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 10.00% from the stock’s current price.

Other research analysts have also issued research reports about the company. Scotiabank boosted their target price on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. BMO Capital Markets dropped their target price on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Finally, Desjardins decreased their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$32.35.

CAE Price Performance

Shares of CAE stock opened at C$30.91 on Wednesday. The stock has a market cap of C$9.85 billion, a price-to-earnings ratio of -28.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a 50 day moving average price of C$25.22 and a 200-day moving average price of C$25.42. CAE has a one year low of C$22.28 and a one year high of C$31.08.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The company had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.