CAE (TSE:CAE) Price Target Raised to C$30.00 at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by Scotiabank from C$29.00 to C$30.00 in a research report report published on Friday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

CAE has been the topic of several other reports. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. National Bankshares lowered their price target on CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Desjardins lowered their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. BMO Capital Markets lowered their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Finally, Canaccord Genuity Group decreased their price objective on CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$30.60.

CAE Stock Up 2.2 %

CAE traded up C$0.54 during trading on Friday, reaching C$25.04. 693,283 shares of the stock traded hands, compared to its average volume of 602,714. The stock has a market cap of C$7.98 billion, a price-to-earnings ratio of -23.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$31.90. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock’s 50-day simple moving average is C$24.79 and its two-hundred day simple moving average is C$25.38.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 earnings per share (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 firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations 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.