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

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by equities research analysts at National Bankshares from C$30.00 to C$34.00 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 15.41% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Desjardins cut their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Canaccord Genuity Group reduced their price objective on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Scotiabank boosted their target price on shares of CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, BMO Capital Markets dropped their target price on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$31.10.

CAE Stock Up 9.3 %

CAE stock traded up C$2.50 during midday trading on Wednesday, hitting C$29.46. The company’s stock had a trading volume of 1,396,139 shares, compared to its average volume of 614,463. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.90. The firm’s 50-day moving average is C$25.03 and its 200-day moving average is C$25.38. The company has a market cap of C$9.39 billion, a PE ratio of -27.53, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.05 billion.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.