Scotia Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

Key Points

• Scotia raised CAE’s price target from C$48 to C$49 and maintained a “sector outperform” rating, implying approximately 35% upside from the stock’s C$36.21 trading price.
• Analyst sentiment is broadly positive: 11 analysts rate CAE a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average target price of C$46.93.
• CAE shares fell 1.1% to C$36.21, while the company reported quarterly revenue of C$1.17 billion and earnings of C$0.26 per share in its latest results.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective lifted by analysts at Scotia from C$48.00 to C$49.00 in a research note issued to investors on Tuesday, BayStreet reports. The firm currently has a "sector outperform" rating on the stock. Scotia's target price would suggest a potential upside of 35.32% from the company's current price.

A number of other equities research analysts have also recently commented on CAE. Barclays set a C$54.00 target price on shares of CAE and gave the company an "overweight" rating in a research report on Friday, October 9th. TD lifted their price target 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. National Bank Financial reduced their price target on CAE from C$49.00 to C$48.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 21st. Bank of America dropped their target price on CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. Finally, Desjardins upped their target price on CAE from C$48.00 to C$49.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$46.93.

CAE Stock Down 1.1%

Shares of CAE traded down C$0.39 during trading hours on Tuesday, hitting C$36.21. The company had a trading volume of 492,267 shares, compared to its average volume of 936,693. The company has a market capitalization of C$11.65 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43. CAE has a one year low of C$31.42 and a one year high of C$47.65. The company's fifty day moving average price is C$34.14 and its two-hundred day moving average price is C$37.14.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share 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.

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