Canaccord Genuity Group Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by Canaccord Genuity Group from C$28.00 to C$30.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of CAE from C$30.00 to C$33.00 in a research note on Thursday. National Bankshares increased their price target on CAE from C$30.00 to C$34.00 in a research note on Wednesday. BMO Capital Markets lowered their price objective on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Desjardins cut their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada boosted their price target on CAE from C$27.00 to C$34.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$32.35.

CAE Stock Performance

CAE stock traded down C$0.69 during trading on Thursday, reaching C$30.22. The company had a trading volume of 497,886 shares, compared to its average volume of 628,590. The firm has a market capitalization of C$9.63 billion, a price-to-earnings ratio of -28.89, a price-to-earnings-growth 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. The firm’s 50-day simple moving average is C$25.22 and its 200 day simple moving average is C$25.42. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.08.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The firm had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.05 billion.

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.