CAE (TSE:CAE) Given New C$34.00 Price Target at Royal Bank of Canada

CAE (TSE:CAE) (NYSE:CAE) had its price objective hoisted by stock analysts at Royal Bank of Canada from C$27.00 to C$34.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 11.59% from the company’s current price.

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

CAE Stock Performance

TSE CAE traded up C$0.29 during trading hours on Thursday, hitting C$30.47. 1,012,136 shares of the stock were exchanged, compared to its average volume of 624,623. 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 company has a market cap of C$9.71 billion, a price-to-earnings ratio of -28.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 12-month low of C$22.28 and a 12-month high of C$30.84. The stock has a 50-day moving average of C$25.22 and a 200 day moving average of C$25.42.

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