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

CAE (TSE:CAE) (NYSE:CAE) had its price objective upped by Royal Bank of Canada from C$27.00 to C$34.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on CAE. Desjardins cut their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Scotiabank increased their price target on shares of CAE from C$30.00 to C$32.50 in a report on Thursday. BMO Capital Markets reduced their price objective on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. 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. Finally, National Bankshares raised their target price on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday. One investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$32.35.

CAE Stock Performance

TSE:CAE traded down C$0.69 during midday trading on Thursday, reaching C$30.22. The stock had a trading volume of 497,886 shares, compared to its average volume of 628,590. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The stock has a market cap of C$9.63 billion, a P/E ratio of -28.89, a P/E/G ratio of 1.76 and a beta of 1.91. The firm has a fifty day simple moving average of C$25.22 and a two-hundred day simple moving average of C$25.42. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, topping 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 company had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations 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.