Desjardins Issues Pessimistic Forecast for CAE (TSE:CAE) Stock Price

Key Points

• Desjardins cut its target on CAE from C$52.00 to C$50.00 but kept a buy rating, a level that implies roughly 42% upside from the current price (~C$35.11).
• Consensus analyst sentiment is a Moderate Buy (nine Buys, one Hold) with a consensus target of C$51.00 and individual targets ranging C$42–C$57, while the stock trades near its 52‑week low and below its 200‑day moving average, signaling recent weakness.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its target price reduced by analysts at Desjardins from C$52.00 to C$50.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective suggests a potential upside of 42.41% from the stock's current price.

A number of other equities research analysts also recently commented on CAE. Canaccord Genuity Group lifted their target price on shares of CAE from C$49.00 to C$50.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Scotiabank boosted their price objective on shares of CAE from C$49.00 to C$57.00 and gave the company an "outperform" rating in a research report on Wednesday, January 21st. Stifel Nicolaus set a C$50.00 price objective on shares of CAE and gave the company a "buy" rating in a research report on Wednesday, March 4th. TD Securities cut their price objective on shares of CAE from C$54.00 to C$53.00 and set a "buy" rating for the company in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada cut their price objective on shares of CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$51.00.

CAE Stock Performance

TSE:CAE traded down C$0.04 during trading hours on Monday, reaching C$35.11. The company had a trading volume of 401,171 shares, compared to its average volume of 916,430. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. CAE has a 52 week low of C$33.59 and a 52 week high of C$47.65. The firm has a market cap of C$11.30 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.76 and a beta of 0.71. The firm's 50 day moving average price is C$37.62 and its 200-day moving average price is C$39.81.

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

About CAE

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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