CAE (TSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by Royal Bank of Canada from C$27.00 to C$34.00 in a report published on Thursday,BayStreet.CA reports.

CAE has been the topic of a number of other research reports. National Bankshares increased their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday. Desjardins decreased their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Scotiabank lifted their price objective on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday. Canaccord Genuity Group cut their target price on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets dropped their target price on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$32.35.

CAE Stock Down 2.2 %

Shares of CAE traded down C$0.69 during mid-day trading on Thursday, reaching C$30.22. 497,886 shares of the stock traded hands, compared to its average volume of 628,590. CAE has a 12-month low of C$22.28 and a 12-month high of C$31.08. The firm has a market cap of C$9.63 billion, a price-to-earnings ratio of -28.89, a P/E/G ratio of 1.76 and a beta of 1.91. 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 fifty day simple moving average of C$25.22 and a 200 day simple moving average of C$25.42.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion.

About CAE

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.