Scotiabank Has Lowered Expectations for CAE (TSE:CAE) Stock Price

Key Points

• Scotiabank lowered CAE’s price target from C$50 to C$48 while maintaining a “sector outperform” rating, implying approximately 42% upside from the stock’s C$33.72 price.
• Analyst sentiment remains broadly positive: CAE has a consensus “Moderate Buy” rating and an average target price of C$47.07, with 11 Buy ratings and one Sell rating.
• CAE reported quarterly EPS of C$0.26 on C$1.17 billion in revenue; the stock has traded between C$31.42 and C$47.65 over the past year and carries a market capitalization of about C$10.85 billion.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective decreased by equities research analysts at Scotiabank from C$50.00 to C$48.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 42.35% from the company's current price.

CAE has been the topic of a number of other research reports. Bank of America lowered their target price on CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. Royal Bank Of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a report on Monday, August 17th. TD boosted their price target on CAE from C$43.00 to C$45.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Desjardins upped their price objective on CAE from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Barclays set a C$54.00 price objective on CAE and gave the company an "overweight" rating in a report on Friday, October 9th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$47.07.

CAE Stock Performance

CAE traded up C$0.62 on Thursday, reaching C$33.72. The company had a trading volume of 202,384 shares, compared to its average volume of 942,808. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The stock has a market cap of C$10.85 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.76 and a beta of 0.57. The company's fifty day moving average is C$34.51 and its 200 day moving average is C$35.37. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83.

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 (EPS) for the quarter. The firm had revenue of C$1.17 billion during the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%.

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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