TD Securities Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by equities researchers at TD Securities from C$33.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 10.86% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lowered their price objective on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Desjardins dropped their price objective 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. Scotiabank lifted 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. Finally, National Bankshares boosted their target price on CAE from C$30.00 to C$34.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

Shares of TSE CAE opened at C$30.67 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The company has a market capitalization of C$9.78 billion, a P/E ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.08. The stock has a 50 day moving average of C$25.35 and a 200-day moving average of C$25.46.

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

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.