BMO Capital Markets Forecasts Strong Price Appreciation for CAE (TSE:CAE) Stock

CAE (TSE:CAE) (NYSE:CAE) had its target price increased by equities research analysts at BMO Capital Markets from C$33.00 to C$38.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 6.35% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group increased their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Royal Bank of Canada increased their price objective on CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. TD Securities boosted their target price on CAE from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, CIBC lowered shares of CAE from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Trading Up 1.2 %

CAE stock opened at C$35.73 on Monday. CAE has a 52 week low of C$22.28 and a 52 week high of C$35.75. 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 capitalization of C$11.39 billion, a price-to-earnings ratio of -33.39, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a 50 day moving average price of C$29.67 and a 200 day moving average price of C$26.50.

CAE Company Profile

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.