CAE (TSE:CAE) Price Target Lowered to C$30.00 at Royal Bank of Canada

CAE (TSE:CAE) (NYSE:CAE) had its target price reduced by Royal Bank of Canada from C$31.00 to C$30.00 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms have also recently commented on CAE. National Bankshares cut their price objective on CAE from C$32.00 to C$31.00 and set an outperform rating for the company in a research report on Thursday, May 23rd. BMO Capital Markets cut their price objective on CAE from C$37.00 to C$34.00 and set an outperform rating for the company in a research report on Wednesday, May 22nd. Canaccord Genuity Group cut CAE from a buy rating to a hold rating and cut their price objective for the company from C$34.00 to C$30.00 in a research report on Wednesday, May 22nd. CIBC boosted their price objective on CAE from C$29.00 to C$30.00 and gave the company an outperform rating in a research report on Wednesday, May 29th. Finally, Desjardins cut their price objective on CAE from C$30.00 to C$29.00 and set a hold rating for the company in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, CAE currently has an average rating of Hold and an average price target of C$31.30.

CAE Trading Up 0.8 %

Shares of TSE:CAE opened at C$25.62 on Tuesday. CAE has a 12-month low of C$23.74 and a 12-month high of C$33.87. The company has a market capitalization of C$8.15 billion, a PE ratio of -25.12, a PEG ratio of 1.76 and a beta of 1.92. The business has a 50 day moving average of C$26.40 and a two-hundred day moving average of C$26.89. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Monday, May 27th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.18). CAE had a net margin of 6.13% and a return on equity of 6.24%. The company had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.18 billion. As a group, analysts forecast that CAE will post 1.2942656 EPS for the current year.

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.