Buy Alert! CAE (TSX:CAE) Revenue Up 18%

2 min read | February 12, 2021 12:51 PM EST | By Team Kalkine Media

CAE Inc. (TSX:CAE)

The company provides training globally in the following segments: the civil aviation, security, defense, and healthcare industries.

The stock has swelled more than 12 per cent month-to-date (MTD) and holds a price-to-cashflow ratio of 16.50.

Its current price is C$ 32.45 per share against its 52-week high of C$ 40.72. It has a market cap of C$ 9.2 billion, with a return on equity of 2.56 per cent.

In the last six months, the aerospace stock has rebounded over 64 per cent, with a price-to-book ratio of 4.056. It is up almost 128 per cent compared to its 52-week low of C$ 14.26.

Image Source: Kalkine Group @2020

Company’s Outlook

CAE expects to earn a positive free cash flow for 2021 and estimates total capital expenditures of nearly C$ 100 million for the current fiscal year.

The future outlook for this airline stock looks positive as the company collaborates for more airline training. Now that COVID vaccination drive is underway across the world, the entire aerospace industry is poised to recover.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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