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

CAE (TSE:CAE) (NYSE:CAE) has been assigned a C$40.00 target price by investment analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 7.64% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Scotiabank lifted their price target on shares of CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th. TD Securities raised their price target on CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th. Finally, National Bankshares boosted their price objective on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.65.

CAE Stock Up 1.7%

Shares of CAE opened at C$37.16 on Tuesday. The stock has a market capitalization of C$11.95 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. The business’s 50 day simple moving average is C$38.70 and its 200-day simple moving average is C$38.02. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. CAE has a 1 year low of C$28.98 and a 1 year high of C$41.38.

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