Desjardins Boosts Cae Inc (CAE) Price Target to C$27.00
Cae Inc (TSE:CAE) (NYSE:CAE) had its target price boosted by Desjardins from C$25.00 to C$27.00 in a research report released on Monday morning. Desjardins also issued estimates for Cae’s Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.03 EPS, FY2019 earnings at $1.20 EPS and FY2020 earnings at $1.29 EPS.
A number of other equities analysts have also recently commented on CAE. TD Securities lifted their price objective on shares of Cae from C$22.00 to C$23.00 and gave the stock a hold rating in a research report on Friday, August 11th. Raymond James Financial, Inc. reduced their price objective on shares of Cae from C$23.00 to C$22.00 and set a market perform rating for the company in a research report on Friday, August 11th. Royal Bank Of Canada lifted their price objective on shares of Cae from C$23.00 to C$24.00 and gave the stock a sector perform rating in a research report on Monday, November 6th. CIBC lifted their price objective on shares of Cae from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Finally, BMO Capital Markets raised shares of Cae from a market perform rating to an outperform rating and set a C$23.00 price objective for the company in a research report on Wednesday, August 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and an average target price of C$23.75.
Cae (TSE:CAE) opened at C$22.06 on Monday. Cae has a 52-week low of C$18.35 and a 52-week high of C$23.39.
In other Cae news, insider Nick Leontidis bought 4,000 shares of Cae stock in a transaction dated Friday, September 29th. The stock was bought at an average price of C$21.83 per share, with a total value of C$87,320.00.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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