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

CAE (TSE:CAE) (NYSE:CAE) had its target price reduced by analysts at Royal Bank of Canada from C$31.00 to C$30.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 17.23% from the stock’s previous close.

Several other brokerages also recently issued reports on CAE. Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$34.00 to C$30.00 in a report on Wednesday, May 22nd. Desjardins dropped their price objective on CAE from C$30.00 to C$29.00 and set a “hold” rating on the stock in a report on Wednesday, May 29th. BMO Capital Markets decreased their target price on CAE from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. CIBC increased 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, National Bankshares dropped their target price on CAE from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CAE presently has an average rating of “Hold” and a consensus price target of C$31.30.

CAE Stock Up 0.7 %

Shares of TSE CAE traded up C$0.18 during midday trading on Tuesday, hitting C$25.59. 199,486 shares of the stock traded hands, compared to its average volume of 623,537. The company has a market cap of C$8.15 billion, a PE ratio of -25.09, a P/E/G ratio of 1.76 and a beta of 1.92. CAE has a one year low of C$23.74 and a one year high of C$33.87. The business has a 50 day moving average price of C$26.41 and a two-hundred day moving average price of C$26.90. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Monday, May 27th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.18). The firm had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.18 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%. On average, equities analysts predict 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.