TD Securities Believes CAE Inc. (TSX: CAE) Still Has Room to Grow

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, CAE Inc. (TSX: CAE). The company received a Buy rating from TD Securities’ analyst Tim James, with a C$23 price target.

James noted:

“We are maintaining our BUY recommendation and $23.00 target price. We have updated our currency, aircraft deliveries, and other forecasting assumptions, the net impact of which is a slight decrease in our F2019 forecasts.”

James has an average return of 6.2% when recommending CAE Inc..

According to TipRanks.com, James is ranked #2229 out of 4567 analysts.

CAE Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$22.

CAE Inc.’s market cap is currently C$5.75B and has a P/E ratio of 23.9.

CAE, Inc. engages in the provision of simulation and modeling technologies and training services to the civil aviation, defense, healthcare, and mining markets. It operates through the following segments: Civil Aviation Training Solutions, Defence & Security, and Healthcare. The Civil Aviation Training Solutions segment involves in providing training solutions for flight, cabin, maintenance and ground personnel in commercial, business, and helicopter aviation. The Defence & Security segment offers training centres, training services and simulation products as a training systems integrator to defence and security forces. The Healthcare segment includes the designing, manufacturing, and selling of simulators, audiovisual solutions, and courseware for training of medical and allied healthcare students and clinicians in educational institutions, hospitals and defence organizations. The company was founded by Kenneth R. Patrick on March 17, 1947 and is headquartered in Montreal, Canada.

The company’s shares closed last Wednesday at $21.41, close to its 52-week high of $21.95.