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

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

A number of other research firms have also recently commented on CAE. Stifel Nicolaus set a C$50.00 price target on shares of CAE and gave the stock a “buy” rating in a report on Wednesday, March 4th. TD Securities reduced their price target on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Scotiabank raised their price target on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised their price target on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group upgraded shares of CAE from a “hold” rating to a “buy” rating and raised their price target for the stock from C$38.00 to C$49.00 in a report on Friday, March 13th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Moderate Buy” and an average price target of C$50.67.

CAE Trading Up 0.0%

TSE:CAE opened at C$38.01 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. The stock has a market capitalization of C$12.23 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.76 and a beta of 0.71. The firm has a fifty day simple moving average of C$39.24 and a two-hundred day simple moving average of C$40.16. CAE has a 12 month low of C$31.77 and a 12 month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results 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.