CAE (TSE:CAE) Given New C$47.00 Price Target at RBC Dominion Securities

CAE (TSE:CAE) (NYSE:CAE) had its target price boosted by RBC Dominion Securities from C$46.00 to C$47.00 in a report released on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. RBC Dominion Securities‘s price target indicates a potential upside of 30.59% from the company’s previous close.

CAE has been the topic of a number of other reports. Scotiabank decreased their target price on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Bank of America reduced their target price on CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. National Bank Financial decreased their price target on CAE from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Scotia boosted their price objective on CAE from C$48.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Finally, Barclays set a C$54.00 price objective on shares of CAE and gave the company an “overweight” rating in a research note on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$46.93.

CAE Stock Performance

Shares of CAE traded down C$0.16 during trading hours on Wednesday, reaching C$35.99. 326,212 shares of the company’s stock traded hands, compared to its average volume of 935,852. The firm has a market capitalization of C$11.58 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65. The business’s fifty day simple moving average is C$34.12 and its two-hundred day simple moving average is C$37.06.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.