CAE (TSE:CAE) Price Target Cut to C$48.00 by Analysts at National Bank Financial

Key Points

• National Bank Financial lowered CAE’s price target to C$48.00 from C$49.00 while maintaining an “outperform” rating, implying nearly 39% upside from the prior close.
• Analyst sentiment remains broadly positive: CAE has an average “Moderate Buy” rating and a consensus price target of C$47.00, based on 11 Buy ratings and one Sell rating.
• CAE shares rose 1.0% to C$34.54 during Wednesday 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 had its target price reduced by analysts at National Bank Financial from C$49.00 to C$48.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 38.97% from the stock's previous close.

CAE has been the subject of a number of other reports. Scotiabank reduced their price target on shares of CAE from C$50.00 to C$48.00 and set a "sector outperform" rating for the company in a report on Thursday, October 15th. Barclays set a C$54.00 price target on shares of CAE and gave the company an "overweight" rating in a research note on Friday, October 9th. 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. Bank of America dropped their price objective on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Finally, Morgan Stanley lowered shares of CAE from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and a consensus target price of C$47.00.

CAE Trading Up 1.0%

Shares of TSE:CAE traded up C$0.34 during midday trading on Wednesday, reaching C$34.54. The company's stock had a trading volume of 245,629 shares, compared to its average volume of 937,364. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. The firm has a 50 day moving average price of C$34.23 and a two-hundred day moving average price of C$35.32. The firm has a market capitalization of C$11.12 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 1.76 and a beta of 0.57.

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

About CAE

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.

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