Raymond James reaffirmed their market perform rating on shares of CAE (TSE:CAE) (NYSE:CAE) in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Raymond James currently has a C$40.00 price objective on the stock. Raymond James also issued estimates for CAE’s Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.37 EPS and FY2021 earnings at $1.60 EPS.
Several other research analysts have also commented on CAE. CIBC lifted their price target on CAE from C$41.00 to C$43.00 in a research report on Monday, February 10th. BMO Capital Markets lifted their price target on CAE from C$38.00 to C$43.00 in a research report on Monday, February 10th. Royal Bank of Canada lifted their price target on CAE from C$41.00 to C$45.00 and gave the stock an outperform rating in a research report on Monday, February 10th. Scotiabank lifted their price target on CAE from C$42.00 to C$43.00 in a research report on Monday, February 10th. Finally, National Bank Financial lifted their price target on CAE from C$37.00 to C$42.00 and gave the stock a sector perform rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$41.38.
CAE opened at C$40.46 on Tuesday. The firm has a market cap of $10.82 billion and a price-to-earnings ratio of 30.40. CAE has a 52 week low of C$27.47 and a 52 week high of C$42.00. The business’s 50 day moving average is C$38.31 and its two-hundred day moving average is C$35.16. The company has a quick ratio of 0.77, a current ratio of 1.17 and a debt-to-equity ratio of 105.69.
CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Friday, February 7th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.01. The firm had revenue of C$923.50 million for the quarter, compared to analyst estimates of C$960.00 million. Equities analysts expect that CAE will post 1.58 EPS for the current fiscal year.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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