Royal Bank Of Canada Lowers CAE (TSE:CAE) Price Target to C$36.00

CAE (TSE:CAE) (NYSE:CAE) had its target price lowered by analysts at Royal Bank Of Canada from C$42.00 to C$36.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 8.40% from the company’s current price.

A number of other equities analysts have also weighed in on CAE. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. TD cut their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday. National Bank Financial raised their price target on CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. TD Securities cut their price target on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Finally, Canaccord Genuity Group raised their price target on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$49.18.

CAE Stock Performance

TSE CAE traded up C$1.20 during trading hours on Monday, reaching C$33.21. 747,611 shares of the company were exchanged, compared to its average volume of 939,183. The stock has a market capitalization of C$10.68 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. CAE has a 1 year low of C$31.42 and a 1 year high of C$47.65. The business’s 50 day simple moving average is C$36.39 and its 200-day simple moving average is C$39.47.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$1.33 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.