Cae Inc (TSE:CAE) (NYSE:CAE) had its price objective raised by analysts at Desjardins from C$25.00 to C$27.00 in a note issued to investors on Monday. Desjardins’ price objective indicates a potential upside of 21.62% from the company’s previous close. Desjardins also issued estimates for Cae’s Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.03 EPS, FY2019 earnings at $1.20 EPS and FY2020 earnings at $1.29 EPS.
CAE has been the topic of a number of other research reports. BMO Capital Markets upgraded Cae from a “market perform” rating to an “outperform” rating and set a C$23.00 price objective on the stock in a research report on Wednesday, August 30th. CIBC increased their price objective on Cae from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Royal Bank Of Canada increased their price objective on Cae from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Raymond James Financial, Inc. lowered their price objective on Cae from C$23.00 to C$22.00 and set a “market perform” rating on the stock in a research report on Friday, August 11th. Finally, TD Securities increased their price objective on Cae from C$22.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cae currently has an average rating of “Buy” and a consensus price target of C$23.75.
Shares of Cae (CAE) opened at C$22.20 on Monday. Cae has a 12-month low of C$18.35 and a 12-month high of C$23.39.
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In other news, insider Nick Leontidis bought 4,000 shares of Cae stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of C$21.83 per share, with a total value of C$87,320.00.
Cae Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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