CAE (TSE:CAE) Given a C$40.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a C$40.00 target price on CAE (TSE:CAE) (NYSE:CAE) in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

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

CAE Price Performance

Shares of TSE CAE opened at C$36.53 on Tuesday. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The business has a 50-day moving average of C$38.69 and a 200-day moving average of C$38.02. The stock has a market capitalization of C$11.75 billion, a price-to-earnings ratio of 26.86, a PEG 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.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. The firm 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.