CAE (TSE:CAE) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised its price target on CAE to C$53 (from C$52) and maintained an "outperform" rating, implying a potential upside of 42.97% from the current price.
• Analyst consensus is broadly positive with eight Buy ratings and one Hold, giving CAE an average rating of "Moderate Buy" and a consensus price target of C$51.22.
• CAE recently traded at C$37.07, has a market cap of C$11.93 billion and a trailing P/E of 31.42, with a one-year range of C$31.77–C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price objective raised by equities research analysts at National Bank Financial from C$52.00 to C$53.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price target would indicate a potential upside of 42.97% from the stock's current price.

A number of other brokerages have also recently issued reports on CAE. Stifel Nicolaus set a C$50.00 price objective on CAE and gave the company a "buy" rating in a research note on Wednesday, March 4th. Canaccord Genuity Group raised CAE from a "hold" rating to a "buy" rating and raised their target price for the stock from C$38.00 to C$49.00 in a research note on Friday, March 13th. TD Securities cut their target price on CAE from C$54.00 to C$53.00 and set a "buy" rating on the stock in a research note on Tuesday, March 24th. Royal Bank Of Canada lowered their price objective on shares of CAE from C$46.00 to C$42.00 in a report on Monday. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, CAE presently has an average rating of "Moderate Buy" and a consensus price target of C$51.22.

CAE Price Performance

CAE traded down C$0.03 during trading on Friday, reaching C$37.07. The stock had a trading volume of 526,760 shares, compared to its average volume of 911,069. The stock has a market cap of C$11.93 billion, a PE ratio of 31.42, a PEG ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91. CAE has a one year low of C$31.77 and a one year high of C$47.65. The business has a 50-day moving average of C$39.01 and a 200-day moving average of C$40.12.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last released its earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.

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