CAE (TSE:CAE) Price Target Raised to C$34.00 at Royal Bank of Canada

CAE (TSE:CAE) (NYSE:CAE) had its price target increased by equities research analysts at Royal Bank of Canada from C$27.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 11.59% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. TD Securities upped their price target on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares raised their target price on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday. Scotiabank lifted their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday. Canaccord Genuity Group reduced their price objective on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets cut their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Trading Up 1.0 %

Shares of CAE stock traded up C$0.29 during trading hours on Thursday, hitting C$30.47. The company had a trading volume of 1,012,136 shares, compared to its average volume of 624,623. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a market capitalization of C$9.71 billion, a PE ratio of -28.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company’s fifty day moving average is C$25.22 and its 200 day moving average is C$25.42. CAE has a fifty-two week low of C$22.28 and a fifty-two week high of C$30.84.

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, beating the consensus estimate of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The business had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.05 billion.

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.