CAE (TSE:CAE) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by stock analysts at Royal Bank of Canada from C$27.00 to C$34.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target indicates a potential upside of 10.86% from the company’s current price.

Several other research analysts have also issued reports on CAE. Desjardins dropped 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 research report on Wednesday, July 17th. National Bankshares upped their target price on shares of CAE from C$30.00 to C$34.00 in a research note on Wednesday. Scotiabank boosted their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday. Canaccord Genuity Group dropped their price objective on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Finally, TD Securities lifted their target price on CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$32.35.

CAE Stock Performance

CAE stock opened at C$30.67 on Thursday. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.08. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a market cap of C$9.78 billion, a P/E ratio of -28.66, a P/E/G ratio of 1.76 and a beta of 1.91. The firm has a 50 day simple moving average of C$25.35 and a 200 day simple moving average of C$25.46.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates 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.