CAE (TSE:CAE) Price Target Raised to C$30.00

CAE (TSE:CAE) (NYSE:CAE) had its price target upped by Canaccord Genuity Group from C$28.00 to C$30.00 in a research report released on Thursday,BayStreet.CA reports.

CAE has been the subject of a number of other research reports. CIBC boosted their price objective on CAE from C$30.00 to C$33.00 in a report on Thursday. BMO Capital Markets lowered their target price on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. TD Securities raised their price target on shares of CAE from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank boosted their price objective on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on shares of CAE from C$27.00 to C$34.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat, CAE presently has a consensus rating of “Hold” and an average price target of C$32.35.

CAE Trading Down 2.2 %

Shares of CAE stock traded down C$0.69 during trading on Thursday, hitting C$30.22. The stock had a trading volume of 497,886 shares, compared to its average volume of 628,590. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.08. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The firm’s fifty day simple moving average is C$25.22 and its 200-day simple moving average is C$25.42. The stock has a market cap of C$9.63 billion, a PE ratio of -28.89, a PEG ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.01. The business had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%.

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.