CAE (TSE:CAE) Price Target Raised to C$21.00

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CAE (TSE:CAE) (NYSE:CAE) had its price target hoisted by TD Securities from C$20.00 to C$21.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada reduced their price target on CAE from C$29.00 to C$28.00 and set an outperform rating on the stock in a research note on Monday, July 27th. Raymond James dropped their price objective on shares of CAE from C$40.00 to C$19.00 and set a market perform rating for the company in a research note on Monday, May 25th. Scotiabank cut shares of CAE from an outperform rating to a sector perform rating and raised their target price for the stock from C$24.00 to C$29.00 in a research report on Tuesday, June 9th. National Bank Financial boosted their target price on shares of CAE from C$24.00 to C$25.00 and gave the company an outperform rating in a report on Thursday, July 9th. Finally, CIBC cut their price target on shares of CAE from C$27.00 to C$26.00 in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CAE has an average rating of Buy and a consensus target price of C$24.14.

CAE opened at C$19.95 on Monday. The firm has a market cap of $5.34 billion and a P/E ratio of 17.20. The business’s fifty day simple moving average is C$20.51 and its 200 day simple moving average is C$24.39. CAE has a 52 week low of C$14.26 and a 52 week high of C$42.00. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 128.46.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Friday, May 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.43 by C$0.03. The firm had revenue of C$977.30 million during the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, equities analysts expect that CAE will post 0.9 EPS for the current fiscal year.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Read More: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for CAE (TSE:CAE)

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