CAE (TSE:CAE) Reaches New 1-Year High on Analyst Upgrade

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) reached a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$30.00 to C$34.00. The company traded as high as C$30.74 and last traded at C$29.76, with a volume of 1459967 shares changing hands. The stock had previously closed at C$26.96.

A number of other equities analysts also recently weighed in on the company. Scotiabank upped their target price on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Desjardins reduced their price target on shares of 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. Finally, BMO Capital Markets reduced their price target on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$31.10.

CAE Stock Performance

The stock has a market cap of C$9.62 billion, a P/E ratio of -28.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm’s 50-day moving average is C$25.10 and its two-hundred day moving average is C$25.40.

CAE (TSE:CAE) (NYSE:CAE) last released 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 net margin of 7.39% and a negative return on equity of 7.43%. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion.

CAE Company Profile

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.