CAE (TSE:CAE) Price Target Raised to C$46.00 at Royal Bank Of Canada

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by analysts at Royal Bank Of Canada from C$40.00 to C$46.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 0.57% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Desjardins raised their target price on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Scotiabank lifted their target price on CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Finally, TD Securities upped their target price on CAE from C$44.00 to C$46.00 in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$46.05.

CAE Trading Down 0.5%

CAE traded down C$0.23 during trading hours on Monday, reaching C$45.74. 205,116 shares of the company’s stock traded hands, compared to its average volume of 582,114. The firm has a 50-day moving average price of C$39.69 and a 200 day moving average price of C$39.18. The firm has a market capitalization of C$14.71 billion, a PE ratio of 33.63, a PEG ratio of 1.76 and a beta of 0.93. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. CAE has a 52-week low of C$28.98 and a 52-week high of C$46.20.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$1.24 billion during the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.