CAE (TSE:CAE) Sets New 12-Month High Following Analyst Upgrade

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price hit a new 52-week high during trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from C$28.00 to C$30.00. The company traded as high as C$30.74 and last traded at C$29.76, with a volume of 1459967 shares changing hands. The stock had previously closed at C$26.96.

CAE has been the topic of a number of other reports. Scotiabank increased their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday. National Bankshares increased their target price on shares of CAE from C$30.00 to C$34.00 in a research report on Wednesday. TD Securities increased their target price on shares of CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their target price on shares of CAE from C$27.00 to C$34.00 in a research report on Thursday. Finally, BMO Capital Markets dropped their target price on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$32.35.

CAE Price Performance

The stock’s fifty day moving average price is C$25.22 and its 200-day moving average price is C$25.42. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a market cap of C$9.85 billion, a PE ratio of -28.48, a P/E/G ratio of 1.76 and a beta of 1.91.

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

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.