BMO Capital Markets Cuts CAE (TSE:CAE) Price Target to C$35.00

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CAE (TSE:CAE) (NYSE:CAE) had its target price trimmed by BMO Capital Markets from C$36.00 to C$35.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Raymond James raised their price objective on shares of CAE from C$27.50 to C$35.00 and gave the company a market perform rating in a report on Tuesday, May 21st. National Bank Financial lifted their price objective on shares of CAE from C$32.50 to C$36.00 and gave the stock a sector perform rating in a research report on Tuesday, May 21st. CIBC boosted their target price on shares of CAE from C$29.00 to C$32.00 in a research note on Tuesday, April 23rd. Desjardins dropped their target price on CAE from C$37.00 to C$36.00 in a report on Thursday. Finally, TD Securities raised their price target on CAE from C$31.00 to C$34.00 and gave the company a hold rating in a research note on Tuesday, May 21st.

Shares of TSE:CAE opened at C$33.88 on Thursday. CAE has a fifty-two week low of C$22.10 and a fifty-two week high of C$36.86. The firm’s 50 day moving average price is C$35.56 and its 200 day moving average price is C$32.11. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 96.61. The stock has a market cap of $9.02 billion and a price-to-earnings ratio of 27.54.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Friday, May 17th. The company reported C$0.48 EPS for the quarter, topping the consensus estimate of C$0.44 by C$0.04. The firm had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$964.00 million. On average, equities analysts anticipate that CAE will post 1.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.11 per share. This is a boost from CAE’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.44 annualized dividend and a yield of 1.30%. CAE’s payout ratio is presently 32.52%.

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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