Royal Bank Of Canada Cuts CAE (TSE:CAE) Price Target to C$42.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective lowered by Royal Bank Of Canada from C$46.00 to C$42.00 in a report issued on Monday morning,BayStreet.CA reports.

CAE has been the topic of a number of other reports. Scotiabank increased their price objective on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce increased their price objective on shares of CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Stifel Nicolaus set a C$50.00 price objective on shares of CAE and gave the company a “buy” rating in a research note on Wednesday, March 4th. TD Securities lowered their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Finally, Canaccord Genuity Group raised shares of CAE from a “hold” rating to a “buy” rating and increased their price objective for the company from C$38.00 to C$49.00 in a research note on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$50.67.

CAE Stock Performance

Shares of CAE opened at C$38.41 on Monday. The company has a 50-day simple moving average of C$39.10 and a 200-day simple moving average of C$40.14. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. The company has a market capitalization of C$12.36 billion, a PE ratio of 32.55, a P/E/G ratio of 1.76 and a beta of 0.71. CAE has a 52-week low of C$31.77 and a 52-week high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

CAE Company Profile

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.