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

CAE (TSE:CAE) (NYSE:CAE) had its price target upped by stock analysts at Royal Bank of Canada from C$27.00 to C$34.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 10.86% from the stock’s previous close.

Other analysts have also issued reports about the company. Scotiabank boosted their target price on CAE from C$30.00 to C$32.50 in a research note on Thursday. Canaccord Genuity Group decreased their price objective on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Desjardins lowered their price objective on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. TD Securities upped their target price on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, National Bankshares upped their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Down 0.8 %

Shares of TSE CAE opened at C$30.67 on Thursday. The stock has a market capitalization of C$9.78 billion, a P/E ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 1 year low of C$22.28 and a 1 year high of C$31.08. The company has a 50-day moving average price of C$25.35 and a 200-day moving average price of C$25.46. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

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

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.