Royal Bank Of Canada Boosts CAE (TSE:CAE) Price Target to C$46.00

CAE (TSE:CAE) (NYSE:CAE) had its price target lifted by equities research analysts at Royal Bank Of Canada from C$40.00 to C$46.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 0.57% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. TD Securities lifted their target price on shares of CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th. Scotiabank lifted their price objective on shares of CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. Finally, Desjardins upped their target price on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$46.05.

CAE Stock Down 0.5%

Shares of TSE CAE traded down C$0.23 during midday trading on Monday, hitting C$45.74. The stock had a trading volume of 205,116 shares, compared to its average volume of 582,114. CAE has a 52 week low of C$28.98 and a 52 week high of C$46.20. The business’s 50 day moving average is C$39.69 and its 200-day moving average is C$39.18. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The company has a market cap of C$14.71 billion, a P/E ratio of 33.63, a PEG ratio of 1.76 and a beta of 0.93.

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

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.