Barclays Reiterates "C$54.00" Price Target for CAE (TSE:CAE)

Key Points

• Barclays reiterated its C$54.00 price target and “overweight” rating for CAE, implying approximately 59.76% upside from the stock’s reported C$33.80 price.
• Analyst sentiment remains broadly positive: CAE has a consensus “Moderate Buy” rating and an average price target of C$47.71, based on 11 Buy ratings and one Sell rating.
• CAE shares rose C$0.87 to C$33.80 in Friday trading. The company recently reported quarterly revenue of C$1.17 billion and earnings of C$0.26 per share.

CAE (TSE:CAE - Get Free Report) NYSE: CAE has been given a C$54.00 target price by equities researchers at Barclays in a research note issued on Friday, BayStreet reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 59.76% from the stock's current price.

A number of other brokerages also recently weighed in on CAE. Bank of America cut their price target on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Royal Bank Of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a research note on Monday, August 17th. TD raised their target price on shares of CAE from C$43.00 to C$45.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Desjardins lifted their price target on shares of CAE from C$48.00 to C$49.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Finally, Morgan Stanley cut CAE from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and a consensus price target of C$47.71.

CAE Price Performance

CAE traded up C$0.87 during trading on Friday, reaching C$33.80. The stock had a trading volume of 229,427 shares, compared to its average volume of 945,548. The stock has a 50 day moving average of C$34.78 and a two-hundred day moving average of C$35.46. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The firm has a market capitalization of C$10.88 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.The company had revenue of C$1.17 billion for the quarter.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with sites and training locations in over 40 countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.