CAE (TSE:CAE) Given New C$39.00 Price Target at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by analysts at BMO Capital Markets from C$38.00 to C$39.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 0.98% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Scotiabank raised their price target on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price target on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. CIBC raised their price target on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Royal Bank of Canada lifted their price objective on shares of CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. Finally, National Bankshares downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$36.19.

CAE Stock Up 15.7 %

CAE traded up C$5.25 during trading hours on Friday, reaching C$38.62. 1,604,811 shares of the stock traded hands, compared to its average volume of 604,873. The firm’s fifty day simple moving average is C$34.42 and its two-hundred day simple moving average is C$28.93. The company has a market cap of C$12.35 billion, a price-to-earnings ratio of -37.03, a PEG ratio of 1.76 and a beta of 1.91. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$39.17. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.06. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. During the same quarter last year, the company posted $0.27 earnings per share.

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.