Royal Bank of Canada Boosts CAE (TSE:CAE) Price Target to C$45.00

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CAE (TSE:CAE) (NYSE:CAE) had its target price upped by Royal Bank of Canada from C$41.00 to C$45.00 in a report issued on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Raymond James reissued a market perform rating and issued a C$34.00 price target on shares of CAE in a research note on Thursday, November 14th. National Bank Financial lifted their price target on CAE from C$37.00 to C$42.00 and gave the company a sector perform rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on CAE from C$38.00 to C$43.00 in a research note on Monday. CIBC lifted their price target on CAE from C$38.00 to C$41.00 in a research note on Wednesday, January 15th. Finally, Scotiabank lifted their target price on CAE from C$42.00 to C$43.00 in a research report on Monday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. CAE currently has a consensus rating of Hold and a consensus target price of C$41.38.

CAE opened at C$40.65 on Monday. The business’s 50-day moving average price is C$38.19 and its two-hundred day moving average price is C$35.14. CAE has a 1 year low of C$27.32 and a 1 year high of C$42.00. The company has a market capitalization of $10.82 billion and a price-to-earnings ratio of 30.54. The company has a debt-to-equity ratio of 105.69, a current ratio of 1.17 and a quick ratio of 0.77.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Friday, February 7th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.36 by C$0.01. The firm had revenue of C$923.50 million during the quarter, compared to analyst estimates of C$960.00 million. Sell-side analysts anticipate that CAE will post 1.58 earnings per share 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.

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