CAE Inc. (TSE:CAE) Stock Has Average Target Price of C$46.93 According to Brokerages

Key Points

• CAE has a “Moderate Buy” consensus from 13 analysts, with 12 buy ratings and one sell rating. The average 12-month price target is C$46.93.
• Recent analyst actions were mostly positive: RBC and Desjardins raised their targets, while Barclays set a C$54 target; Bank of America cut its target to C$38.
• CAE shares opened at C$36.06, below the average analyst target, while the company recently reported C$0.26 in quarterly EPS and C$1.17 billion in revenue.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$46.93.

A number of brokerages have recently commented on CAE. RBC Dominion Securities lifted their target price on CAE from C$46.00 to C$47.00 and gave the stock an "outperform" rating in a report on Wednesday. Desjardins increased their price target on CAE from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Friday, August 14th. Barclays set a C$54.00 price target on CAE and gave the company an "overweight" rating in a report on Friday, October 9th. Bank of America lowered their price target on CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Finally, 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.

CAE Price Performance

CAE stock opened at C$36.06 on Thursday. The company has a fifty day simple moving average of C$34.12 and a two-hundred day simple moving average of C$37.01. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. 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$11.61 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57.

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