CIBC Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by CIBC from C$30.00 to C$33.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. 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. TD Securities upped their target price on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday. 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 report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday. Finally, Scotiabank raised their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday. One investment 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 MarketBeat.com, CAE has an average rating of “Hold” and an average price target of C$32.35.

CAE Price Performance

CAE traded down C$0.69 during trading on Thursday, reaching C$30.22. 497,886 shares of the company were exchanged, compared to its average volume of 628,590. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08. The company’s 50-day moving average is C$25.22 and its two-hundred day moving average is C$25.42. 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 company has a market cap of C$9.63 billion, a price-to-earnings ratio of -28.89, a P/E/G ratio of 1.76 and a beta of 1.91.

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

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.