Scotiabank Increases CAE (TSE:CAE) Price Target to C$32.50

CAE (TSE:CAE) (NYSE:CAE) had its price target raised by analysts at Scotiabank from C$30.00 to C$32.50 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 5.97% from the company’s current price.

CAE has been the subject of several other reports. TD Securities raised their price objective on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares upped their price target on CAE from C$30.00 to C$34.00 in a research note on Wednesday. Canaccord Genuity Group dropped their price objective on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Desjardins dropped their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, CAE has an average rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

TSE CAE opened at C$30.67 on Thursday. The company has a market cap of C$9.78 billion, a P/E ratio of -28.66, a PEG ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08. The company has a fifty day simple moving average of C$25.35 and a 200 day simple moving average of C$25.46.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating 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.