CAE (TSE:CAE) Price Target Raised to C$39.00 at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by research analysts at TD Securities from C$35.00 to C$39.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 3.28% from the company’s previous close.

Several other equities research analysts have also recently weighed in on CAE. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$32.00 to C$40.00 in a research report on Monday, December 30th. Canaccord Genuity Group increased their target price on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Royal Bank of Canada increased their target price on shares of CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Scotiabank increased their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, National Bankshares lowered shares of CAE from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$34.00 to C$38.00 in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$36.94.

CAE Trading Down 0.6 %

Shares of CAE traded down C$0.23 during trading hours on Tuesday, hitting C$37.76. 651,303 shares of the stock were exchanged, compared to its average volume of 629,844. 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. The business has a 50-day moving average of C$34.61 and a 200-day moving average of C$29.16. The firm has a market capitalization of C$12.07 billion, a P/E ratio of -36.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.