TD Securities Raises CAE (CAE) Price Target to C$29.00

Share on StockTwits

CAE (TSE:CAE) (NYSE:CAE) had its target price hoisted by TD Securities from C$28.00 to C$29.00 in a research note issued to investors on Monday morning. They currently have a hold rating on the stock.

Several other analysts also recently issued reports on CAE. CIBC lifted their price target on CAE from C$27.00 to C$29.00 in a research note on Monday, November 26th. National Bank Financial dropped their price target on CAE from C$30.00 to C$29.00 in a research note on Friday, November 9th. Finally, BMO Capital Markets lifted their price target on CAE from C$29.00 to C$30.00 in a research note on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$28.86.

CAE opened at C$27.46 on Monday. CAE has a 1 year low of C$22.10 and a 1 year high of C$28.23. The stock has a market capitalization of $7.42 billion and a price-to-earnings ratio of 25.43. The company has a debt-to-equity ratio of 56.88, a quick ratio of 0.76 and a current ratio of 1.10.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Tuesday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.23. The firm had revenue of C$743.80 million during the quarter, compared to analyst estimates of C$652.83 million. On average, analysts expect that CAE will post 1.46000001929515 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, March 14th. CAE’s dividend payout ratio is 35.19%.

In other news, insider Nick Leontidis purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of C$26.53 per share, with a total value of C$265,300.00.

CAE Company Profile

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.

Further Reading: Reverse Stock Split

Analyst Recommendations for CAE (TSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with's FREE daily email newsletter.

Leave a Reply