CAE (TSE:CAE) PT Set at C$40.00 by Royal Bank Of Canada

CAE (TSE:CAE) (NYSE:CAE) has been given a C$40.00 target price by investment analysts at Royal Bank Of Canada in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.98% from the company’s previous close.

Several other research firms have also weighed in on CAE. TD Securities boosted their price target on CAE from C$44.00 to C$46.00 in a research report on Thursday, November 13th. Scotiabank raised their price objective on shares of CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Finally, National Bankshares boosted their target price on shares of CAE from C$43.00 to C$48.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$43.65.

CAE Stock Down 0.7%

Shares of CAE stock traded down C$0.24 on Tuesday, hitting C$36.37. 336,209 shares of the stock were exchanged, compared to its average volume of 665,259. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm has a market capitalization of C$11.69 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. CAE has a fifty-two week low of C$28.98 and a fifty-two week high of C$41.38. The business has a 50-day moving average of C$38.71 and a 200 day moving average of C$38.02.

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

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.