CAE (TSE:CAE) Hits New 1-Year High on Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE) shares hit a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$30.00 to C$34.00. The stock traded as high as C$30.74 and last traded at C$29.76, with a volume of 1459967 shares trading hands. The stock had previously closed at C$26.96.

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

CAE Stock Performance

The company’s 50 day moving average price is C$25.03 and its 200-day moving average price is C$25.38. The stock has a market cap of C$9.49 billion, a P/E ratio of -27.53, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

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

About CAE

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.